Lafarge launches EUR1.5bn capital hike

Lafarge launches EUR1.5bn capital hike
01 April 2009

Lafarge SA Wednesday launched its planned EUR1.5bn capital increase.

In a statement, Lafarge said the subscription price will be EUR16.65 per share, made of EUR4.00 par value and a EUR12.65 issue premium, on the basis of six new shares for 13 existing shares.

In total, Lafarge will issue 90,109,164 new shares.

Lafarge’s largest shareholders - Belgium’s Groupe Bruxelles Lambert and Egypt’s NNS Holding - have each committed to subscribe their pro rata shares of the rights issue, representing approximately EUR500m, Lafarge noted.

The remainder of the rights issue is underwritten by a syndicate of banks, it said.
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