Lafarge Arcom Gips To Absorb Lafarge Ipsos

Lafarge Arcom Gips To Absorb Lafarge Ipsos
Published: 23 December 2004

Romanian plasterboard producer Lafarge Arcom Gips shareholders approved the merger by absorption of Lafarge Ipsos on December 21, 2004.   Company shareholders voted for a 59.1 bln Romanian lei (US$2.0m) capital increase through the issue of new shares at 1.0 mln lei (US$35) each.   After the capital hike, cement maker Lafarge Romcim will control 94 per cent of company’s shares and Romanian construction company Arcom, 5.85 per cent.   The shareholders of Lafarge Arcom Gips re-elected Giovanni Mallone management board chairman. Deloitte&Touche Romania was again selected as an auditor.