The Lafarge and Holcim merger is moving ahead, now that the two companies have agreed revised terms. Negotiations took place last week to determine the share exchange ratio, which some Holcim shareholders thought to be too far in Lafarge’s favour under the original one-to-one exchange agreement. The new deal will see the exchange set at 0.9 Holcim shares for 1 Lafarge share.
Also under debate was the CEO position originally intended to go to Lafarge’s Bruno Lafont. Lafarge is now making a list of potential candidates for the role, while Lafont will become co-Chair of the LafargeHolcim Board, together with Holcim’s Wolfgang Reitzle.
At an extraordinary general meeting also held last week, shareholders of CRH approved the acquisition of the LafargeHolcim disposals.
Written by Katherine Guenioui
Read the article online at: https://www.worldcement.com/europe-cis/24032015/lafarge-and-holcim-move-ahead-with-merger-564/