Skip to main content

Are Holcim shareholders happy with Lafarge merger?

Published by
World Cement,


In an article published on 28 February, Bloomberg reports that some Holcim shareholders are unhappy with the proposed terms of the merger with Lafarge. Recent results show that Holcim is in a better financial position than Lafarge, leading to concern among shareholders that the 1:1 share-exchange ratio is unfair.

Bloomberg reports that Holcim and Lafarge may be considering paying a special dividend to placate shareholders. This might be preferable to renegotiating the terms of the merger, which is said to reflect the ‘long-term prospects of the two companies’. However, the report also quotes an analyst at AlphaValue in Paris, who says that the deal is unlikely to be detrimental to either company, given the two companies’ histories in the last 2 – 4 years.

Bloomberg reports: ‘For the merger to go through under its current terms, at least two-thirds of Holcim shareholders still must approve a capital increase.’ This vote is due to take place at an extraordinary meeting on 13 April.

Read the full report here.


Adapted from source by

Read the article online at: https://www.worldcement.com/europe-cis/02032015/are-holcim-shareholders-unhappy-with-lafarge-merger-429/

You might also like

 WCT2020

WCT2020

WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 
 
 

Embed article link: (copy the HTML code below):