Cement News tagged under: Switzerland

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LafargeHolcim successfully completes squeeze-out of Lafarge SA

26 October 2015, Published under Cement News

LafargeHolcim today announced on Friday it has successfully implemented the squeeze-out of Lafarge SA. With this the shares of Lafarge SA are now delisted from Euronext Paris as of today. "The completion marks an important and final step in the merger process of the Group’s legacy companies and allows LafargeHolcim to continue focusing on delivering the synergies and progress with the integration," the company said in a statement. With the successful squeeze-out LafargeHolcim Ltd now owns...

LafargeHolcim welcomes new CFO

12 October 2015, Published under Cement News

LafargeHolcim announces the appointment of Ron Wirahadiraksa as the Group’s new Chief Financial Officer and member of the Executive Committee. Mr Wirahadiraksa will succeed Group CFO Thomas Aebischer who is pursuing new opportunities outside the Group. Mr Wirahadiraksa is currently Executive Vice President and Chief Financial Officer of Philips, a group he joined in 1987. After working in the Netherlands, Greece, Malaysia and the US, he became Chief Financial Officer at LG.Philips LCD in ...

St-Gobain gets green light to acquire control of Sika

16 September 2015, Published under Cement News

The Swiss competition commission (Comco) has authorised the control of Sika by construction materials giant St-Gobain, the French company announced in a press release on Tuesday. This decision follows the favourable ruling handed down by the European Commission on 22 July 2015 as well as the decisions already received from other competition authorities, notably in the United States and China.

LafargeHolcim offers €60 a share in squeeze-out

15 September 2015, Published under Cement News

LafargeHolcim has decided to implement a squeeze-out procedure for the Lafarge shares not tendered between May and July 2015 (representing 3.56 per cent of the share capital). LafargeHolcim is offering to indemnify in cash the shareholders of Lafarge at a price of €60 per share. As an alternative to the cash indemnification proposed, an exchange option of 9.45 LafargeHolcim shares for 10 Lafarge shares has also been offered. On the date of implementation of the squeeze-out, Lafarge sh...

LafargeHolcim offer to pay down €1.75bn debt

08 September 2015, Published under Cement News

LafargeHolcim announced that they have offered to pay down EUR1.75bn worth bonds (average cost of 5.8 per cent) with an expiration date of 15 September. JP Morgan believe this should lower the annual interest cost by CHF423m and help the group in attaining a lower cost of debt. It further believes the company has the ability to further lower gross debt following the disposal of assets to CRH for EUR6.5bn.

Thermo Fisher Scientific Ecublens plant wins 2015 Swiss Industrial Excellence Award

05 August 2015, Published under Cement News

Thermo Fisher Scientific today announced that its Ecublens, Switzerland, plant is the recipient of the 2015 Swiss Industrial Excellence Award, as chosen by an international jury of operations management professors from INSEAD and HEC Paris, and is also now a finalist for the European Industrial Excellence Award. Thermo Fisher Scientific’s Ecublens plant, Switzerland – recipient of the Swiss Industrial Excellence Award Thermo Fisher’s Ecublens plant, which employs about 180 peop...

LafargeHolcim Ltd to launch squeeze-out for remaining Lafarge SA shares

04 August 2015, Published under Cement News

LafargeHolcim Ltd announces that it has decided to initiate a squeeze-out process for all issued and outstanding shares of Lafarge SA. After surpassing the necessary 95 per cent threshold in share capital and voting rights and following a decision by the Board of Directors, LafargeHolcim Ltd plans to request the AMF to implement a squeeze-out procedure pursuant to their general regulations for Lafarge SA shares not tendered to the Public Exchange Offer. LafargeHolcim Ltd will publish f...

LafargeHolcim: results of the re-opened Public Exchange Offer

03 August 2015, Published under Cement News

France's Financial Market Authority published on Friday the final results of the re-opened public exchange offer initiated by LafargeHolcim Ltd (formerly Holcim Ltd) for the shares of Lafarge SA 25,901,191 additional Lafarge S.A. shares have been tendered. Following the settlement-delivery of the re-opened offer which is expected to occur on 4 August 2015, LafargeHolcim Ltd will hold 278,131,864 Lafarge SA shares representing 96.41 per cent of the share capital and at least 95.25 per cen...

Holcim releases 2014 Corporate Sustainable Development Report

27 May 2015, Published under Cement News

Holcim today released its 2014 Corporate Sustainable Development Report that outlines the Group’s economic, environmental and social performance and presents Holcim’s objectives for the areas of OH&S, social responsibility, sustainability and enhanced solutions, climate change, resources, and communities. The Swiss major said that the report builds on the “Holcim Sustainable Development Ambition 2030” announced in 2013. The Ambition, which was developed in consultation with a broad range of...

Lafarge and Holcim reorganise group functions

20 May 2015, Published under Cement News

Lafarge and Holcim are each preparing the reorganisation of group functions in the context of their proposed merger. Holcim’s proposed new organisation would result in a net reduction of approximately 120 jobs in Holcim Group functions in Switzerland. The social consultation process to reduce the impact on roles that are affected by reductions will now be launched with the employee representatives (AV) in Switzerland, the company said in a statement today. Concerning Lafarge at worldwide...