Lafarge completes process to acquire shares of Holcim

Lafarge Surma Cement Limited (LSCL) has 'executed' necessary documents to transfer the shares of Holcim Bangladesh Limited (HBL) to LafargeHolcim Bangladesh Ltd.

The move came as part of acquisition of HBL at a price set by the Bangladesh Bank. The acquisition price is Tk 5.05 billion as announced on December 24 last.

According to a disclosure posted Monday on the website of Dhaka Stock Exchange (DSE), the company has 'executed' necessary documents, including share transfer instruments (Forms 117) for transfer of 88,243 shares of HBL to LafargeHolcim Bangladesh Ltd, the buyer.

"The necessary filings before the Registrar of Joint Stock Companies and Firms have also been completed," the company disclosure said.

The LSCL was listed with the stock exchanges in 2003.

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