LafargeHolcim has implemented the squeeze-out of Lafarge SA. With this the shares of Lafarge SA are now delisted from Euronext Paris.
The completion marks the 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.
With the successful squeeze-out LafargeHolcim Ltd now owns 100 percent of the share capital and voting rights of Lafarge SA. Following the re-opened offer period LafargeHolcim Ltd already held 96.41 percent of the share capital and at least 95.25 percent of the voting rights of Lafarge SA,” the company said.
LafargeHolcim had offered the remaining shareholders of Lafarge SA. a cash indemnification of €60 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 SA 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 SA for €60 each.