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Switzerland: LafargeHolcim completes mega-merger

 |  July 12, 2015

Swiss cement giant Holcim took on a new chief executive, two co-chairmen and a different brand name on Friday after finalising its merger with French industrial group Lafarge.

LafargeHolcim, the largest cement producer in the world with a market value of more than $46 billion, came into existence after completing its the public exchange offer and the issuance of new shares to Lafarge shareholders. Shares of the new group will start trading in Zurich and Paris on July 14.

“Today’s closing is a historic event – not only for our two founding companies but also for the industry as a whole,” Reitzle said in a statement issued on Friday.

Full content: The Economic Times

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