Holcim and Lafarge announced their intention to combine the two companies through a merger of equals, unanimously approved by their respective Board of Directors and fully supported by the core shareholders of both companies. Together, Lafarge-Holcim will address the challenges of urbanization: affordable housing, urban sprawl and transport. The new group would have an enhanced presence in the global building materials sector with a number one position globally across cement, concrete and aggregates and new opportunities to optimize production and commercial networks.
In order to ensure efficient execution of the merger, an integration committee will prepare the integration plan to be implemented straight after the closing of the transaction. Bernard Fontana, Holcim CEO, will remain in charge of Holcim until completion of the transaction. He will co-chair the integration committee.