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Potential combination of businesses need corporate, regulatory approvals

FE Desk | Friday, 17 July 2015



Effective from July 10, 2015, Holcim Ltd. and Lafarge S.A. completed their global merger and launched LafargeHolcim Ltd.  
LafargeHolcim Ltd and Cementos Molins of Spain own, through their JV Surma Holding BV, a majority of the shares of Lafarge Surma Cement Ltd (LSC). LafargeHolcim Ltd is also the majority shareholder of Holcim Bangladesh Ltd. (HBL).
"The potential combination of businesses of LSC and HBL in Bangladesh is subject to various corporate and regulatory approvals. However, nothing has been decided at this stage. Should it be the case, it will be decided by the appropriate corporate bodies, in due time, and with the relevant communication required under the applicable regulations," a statement said Thursday.
LafargeHolcim on July 15, 2015 officially launched the new Group around the world and announced key elements of its ambitions for the future. Following the successful completion of the merger between Lafarge and Holcim and the listing of the new LafargeHolcim shares in Zurich and Paris, the new Group will now work towards creating the highest performing company in the building materials industry.
LafargeHolcim CEO Eric Olsen says: "Now as LafargeHolcim, we will step into the next phase of our transformation to become the leader in every respect - a company that has a positive impact on the world and can make a real difference for its customers, its employees, its shareholders and society."