LafargeHolcim completes squeeze-out of Lafarge S.A
Published by Joseph Green,
Editor
World Cement,
LafargeHolcim has announced that it has successfully implemented the squeeze-out of Lafarge S.A. With this the shares of Lafarge S.A. are now delisted from Euronext Paris.
The completion marks an important and final step in the merger process of the Group’s legacy companies and allows LafargeHolcim to continue focusing on delivering the synergies and progress with the integration.
With the successful squeeze-out LafargeHolcim Ltd now owns 100% of the share capital and voting rights of Lafarge S.A. Following the re-opened offer period LafargeHolcim Ltd already held 96.41% of the share capital and at least 95.25% of the voting rights of Lafarge S.A.
LafargeHolcim had offered the remaining shareholders of Lafarge S.A. a cash indemnification of €60 per each Lafarge S.A. share (net of costs) or as an alternative a share indemnification of 9.45 newly issued LafargeHolcim Ltd shares for 10 Lafarge S.A. shares. In this context, LafargeHolcim has issued a total of 633 776 registered shares with a nominal value of CHF 2 each from authorized capital and acquired 10 086 921 shares of Lafarge S.A. for €60 each.
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/europe-cis/26102015/lafargeholcim-completes-squeeze-out-lafarge-842/
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