Sources: Euronext Paris Exchange; SIX Swiss Exchange, Zurich; CP staff
Officials of the Euro zone’s primary securities exchange bill newly listed LafargeHolcim Ltd. as “a world-scale group with European roots, offer[ing] a unique range of products and services to meet the fast-changing needs of the building industry and the challenges of urban development.” Present in 90 countries with upwards of 115,000 employees, €27 billion ($29.7 billion) in sales and €39 billion ($42.9 billion) market capitalization, Euronext Paris officials add, LafargeHolcim is a company whose “sound financial structure creates value for its shareholders, customers and other stakeholders.”
The company premiered on the Euronext Paris and SIX Swiss Exchange July 14, four days after a successful public exchange offer sealed the Lafarge S.A. and Holcim Ltd. merger. “The creation of LafargeHolcim, the world’s leading group in the building materials industry, is a tremendous opportunity to build a unique growth platform with the objective to generate superior and sustainable value for all our stakeholders,” says CEO Eric Olsen. “The new Group will now benefit from the value creation of our new business model and unequalled growth levers. Our trading on Euronext is anchoring our roots in Europe and allowing us to leverage on this major financial center.”
“We are particularly happy to welcome the world’s largest cement, concrete and aggregates producer, and salute its inclusion in the CAC 40 index,” notes Euronext Paris’s Marc Lefèvre, head of Listing. “This dual listing reflects LafargeHolcim’s desire to tap into the largest pool of investors on Euronext and confirms the group’s commitment to our pan-European market.”
The business succeeds Lafarge S.A. on the CAC 40 index, alongside brands familiar to construction interests (ArcelorMittal, Schneider Electric and St. Gobain) and consumers (Danone, L’Oreal, LVMH). In Zurich, LafargeHolcim joins the Swiss Market Index, one of eight SIX indices.
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