Holcim says expects listing of new shares in mid July

Swiss cement maker Holcim said on Thursday it expects the first tranche of new shares in its tie-up with France’s Lafarge to be listed on exchanges in Zurich and Paris in mid July.

Shareholders must back a capital increase at the cement maker’s extraordinary general meeting on May 8 to fund the fusion of the companies, which together would have reported a pro-forma net profit of €1.579bn in 2014.

In an invitation to shareholders, Holcim proposed increasing share capital through issuing up to 264.237 million fully paid-in registered shares with a par value of 2 Swiss francs each.

A second tranche of shares will be listed in early August, Holcim said.


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