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Holcim implement final step in merger process

Proposed merger enters last stage as Holcim launch public exchange offer for all Lafarge shares

FOLLOWING clearance from the Autorité des marchés financiers (AMF) on 28 May 2015, Holcim have today [1 June] launched the public exchange offer for all Lafarge shares at an exchange ratio of nine Holcim shares for 10 Lafarge shares.

Acceptance of the offer by Lafarge shareholders will pave the way for the creation of LafargeHolcim. Merger-related resolutions were approved by Holcim shareholders at an Extraordinary General Meeting held on 8 May 2015.

The public exchange offer, which will be open until 3 July 2015, marks the implementation of the final step in Lafarge and Holcim’s project to merge the two companies to create the most advanced group in the building materials industry.

The combined LafargeHolcim group would employ approximately 115,000 people in 90 countries with net sales of around CHF33 billion (c.€27 billion).

The planned merger is expected to close in July 2015.

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