TRYNESS MBALE, Lusaka
LAFARGE South Africa has completed their global merge with Holcim Limited while the company in Zambia will continue with the Lafarge Zambia brand but as a member of LafargeHolcim.
LafargeHolcim comprises over 115,000 employees and operating in 90 countries around the world.
According to a statement by LuSE on Wednesday, all conditions for the completion of the merger have been fulfilled following the successful completion of the public exchange offer and the issuance of new Holcim shares to Lafarge shareholders.
“Holcim Limited and Lafarge South Africa completed their global merger and have launched LafargeHolcim, bringing together two companies with a combined experience of over 180 years in the cement, concrete and aggregates sectors to create the leading company in the building materials industry.
“In Zambia the company will continue with the Lafarge Zambia brand along with the endorsement [of] ‘A member of LafargeHolcim,” the statement reads.
It says the new LafargeHolcim shares will be traded on the Six Swiss Exchange as well as the Euronext in Paris as of July 14, 2015.
Holcim’s shareholders had previously approved the merger-related resolutions at an extraordinary general meeting on May 8, 2015.
With the completion of the merger, the mandate of the new board of directors and of the new executive committee with Eric Olsen as chief executive officer has become effective.
The group has 115,000 employees around the world and LafargeHolcim is the industry benchmark in research and development and serves from the individual homebuilder to the largest and most complex project with the widest range of value-adding products, innovative services and comprehensive building solutions.