By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)– -Newly unveiled world building materials and cement producers, LafargeHolcim announced on Friday that it has successfully implemented the
squeeze-out of Lafarge S.A.

“With this the shares of Lafarge S.A. are now delisted from Euronext Paris as of today. The completion marks an important and 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,” the cement maker said in an e-mailed statement made available to InvestAdvocate.

The company says with the successful squeeze-out LafargeHolcim  now owns 100 percent of the share capital and voting rights of Lafarge S.A. “Following the re-opened offer period LafargeHolcim already held 96.41 percent of the share capital and at least 95.25 percent of the voting rights of Lafarge S.A.

The cement producer had offered the remaining shareholders of Lafarge S.A. a cash indemnification of EUR 60 per each Lafarge S.A. share (net of costs) or as an alternative a share indemnification of 9.45 newly issued LafargeHolcim shares for 10 Lafarge S.A. shares.

According to the company in this context, LafargeHolcim has issued a total of 633,776 registered shares with a nominal value of CHF 2 each from authorised capital and acquired 10,086,921 shares of Lafarge S.A. for EUR 60 each.