LafargeHolcim successfully completes squeeze-out of Lafarge SA

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 100 per cent of the share capital and voting rights of Lafarge S.A. Following the re-opened offer period LafargeHolcim Ltd already held 96.41 per cent of the share capital and at least 95.25 per cent of the voting rights of Lafarge SA.

LafargeHolcim had offered the remaining shareholders of Lafarge SA a cash indemnification of EUR60 per each Lafarge SA share (net of costs) or as an alternative a share indemnification of 9.45 newly issued LafargeHolcim Ltd shares for 10 Lafarge S.A. shares. In this context, LafargeHolcim has issued a total of 633,776 registered shares with a nominal value of CHF 2 each from authorized capital and acquired 10,086,921 shares of Lafarge S.A. for EUR60 each.