Following appropriate information-consultation processes with relevant works councils and employee representatives,
The new group has also completed the appointments for the future Executive Committee of LafargeHolcim following a recommendation by Eric Olsen, future CEO of the combined group.
As announced in February 2015, the assets include operations mainly in Europe, Canada, Brazil and the Philippines with an enterprise value of €6.5 billion (CHF 6.8 billion).
These divestments remain subject to the completion of the merger including the acceptance of Holcim’s public exchange offer by the shareholders of Lafarge.
The merger is expected to close in July 2015.
The two companies are divesting the following assets to CRH:
- Brazil: assets from both Holcim and Lafarge, which include three integrated cement plants and two grinding stations (with a total of 3.6tonnes/year cement capacity), as well as some ready-mix plants located in the south-eastern region of Brazil.
- Canada: Holcim’s assets
- France: in metropolitan France, all of Holcim’s assets, except for its Altkirch cement plant and aggregates and ready-mix sites in the Haut-Rhin region, and a grinding station of Lafarge in Saint-Nazaire; Lafarge’s assets on Reunion island, except for its shareholding in Ciments de Bourbon
- Germany: Lafarge’s assets
- Hungary: Holcim’s operating assets
- The Philippines: the shares of Lafarge Republic (LRI), from, and other specific assets of, the major shareholders namely Lafarge Holdings Philippines, South Western Cement Ventures, Calumboyan Holdings, and Round Royal, except LRI's (i) investment in Lafarge Iligan, Lafarge Mindanao, and Lafarge Republic Aggregates, and Star Terminal at the Harbour Center, Manila, and other related assets.
- Romania: Lafarge’s assets
- Serbia: Holcim’s assets
- Slovakia: Holcim’s assets
- United Kingdom:
7235 Lafarge Tarmac assets with the exception of its Cauldon and Cookstown plants and certain associated assets
- United States: Holcim’s Trident cement plant (Montana) and five terminals in the Great Lakes Region
Executive Committee
Lafarge and Holcim have completed the appointments for the future Executive Committee of LafargeHolcim following a recommendation by Eric Olsen, future CEO of the combined Group.
The future Executive Committee, under the leadership of Eric Olsen comprises:
Finance: Thomas Aebischer, currently in charge of Finance at Holcim;
Integration, Organisation & Human Resources: Jean-Jacques Gauthier, currently in charge of Finance at Lafarge;
Europe, Roland Köhler, currently in charge of Europe at Holcim;
Asia Pacific: Ian Thackwray, currently in charge of East Asia Pacific and Trading at Holcim;
Middle-East Africa: Saâd Sebbar, currently in charge of Morocco at Lafarge;
North America: Alain Bourguignon, previously in charge of North America and UK at Holcim;
Latin America: Pascal Casanova, currently in charge of France at Lafarge;
Performance and Cost: Urs Bleisch, currently in charge of Corporate Functions at Holcim;
Growth and Innovation: Gérard Kuperfarb, currently in charge of Innovation at Lafarge
