By Peter OBIORA InvestAdvocate

New York (INVESTADVOCATE)-Newly merged world cement, aggregates and concrete firm, LafargeHolcim  said on Tuesday it has decided to initiate a squeeze-out process for all issued and outstanding shares of Lafarge S.A.

“After surpassing the necessary 95 percent threshold in share capital and voting rights and following a decision by the board of directors, LafargeHolcim Ltd plans to request the AMF to implement a squeeze-out procedure pursuant to their general regulations for Lafarge S.A. shares not tendered to the Public Exchange Offer,” the frim said in a statement.

The company further affirmed it will publish further details on the squeeze-out upon filing with the AMF.