Lafarge successfully completes cap hike

Lafarge successfully completes cap hike
Published: 28 April 2009

The EUR1.5bn (US$1.97bn) capital increase launched by Lafarge on April 2 has been closed successfully.

Subscriptions totalled some EUR 2.6bn, with an oversubscription rate of 172%.

The subscription price had been fixed at EUR 16.65 per share and the operation had pushed up the share value of the construction stocks on the bourse.

The capital increase was part of a debt-reduction plan worth EUR4.5bn, presented by Lafarge in February 2009, including cost and investment cuts.