Cement News tagged under: Switzerland
LafargeHolcim offers €60 a share in squeeze-out15 September 2015, Published under Cement NewsLafargeHolcim 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 debt08 September 2015, Published under Cement NewsLafargeHolcim 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 Award05 August 2015, Published under Cement NewsThermo 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 shares04 August 2015, Published under Cement NewsLafargeHolcim 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 Offer03 August 2015, Published under Cement NewsFrance'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 Report27 May 2015, Published under Cement NewsHolcim 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 functions20 May 2015, Published under Cement NewsLafarge 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... |
Kaspar EA Wenger is designated chairman of the Board of Holcim (Schweiz) AG19 May 2015, Published under Cement NewsIn the framework of the progressing merger between Holcim and Lafarge, Kaspar EA Wenger will become designated chairman of the Board of Holcim (Schweiz) AG, effective 30 June 2015, and hand over his responsibilities as Area Manager for Central Europe (Switzerland, South Germany, Italy). Mr Wenger has been part of the Holcim Group for more than 20 years, including over 10 years of operating responsibility for Holcim (Schweiz) AG, as well as the responsibility for Central Europe. "Thank... |
Holcim files Lafarge stock exchange offer12 May 2015, Published under Cement NewsHolcim Ltd said on Monday it has filed with the French financial market regulator details of its proposed share exchange with Lafarge. The offer allows Lafarge shareholders to exchange all shares in the Paris-based company for newly created shares in Holcim. The exchange ratio is 10 Lafarge shares for nine shares in Holcim. Two thirds of Lafarge's 293 million shares have to be offered up by shareholders for the deal to go ahead. The offer is due to open on 1 June and run until 3 July... |
Holcim sees continued growth in the USA30 April 2015, Published under Cement NewsHolcim's first quarter turnover declined by 2.8 per cent to CHF3972m (€3699m), but on a like-for-like basis, there was a 1.6 per cent reduction while measured in euros the turnover was ahead by 10.7 per cent. Operating EBITDA declined by 3.9 per cent to CHF593m (€552m). The trading profit was down by 11.5 per cent to CHF261m (€243m), while the net attributable profit jumped by 289.3 per cent to CHF310m (€289m). Net debt at the end of March was 0.3 per cent higher at CHF9670m (€7862m) to g... |