Lafarge Cementos takes over AGET Iraklis

In the next three years, the Greek cement group Omilos Eterion Iraklis, part of the Switzerland-based group LafargeHolcim, will invest an amount of more than €20 million towards the implementation of its business plan initiatives, product innovations and its further growth within the Greek market.

The squeeze-out translation of LafargeHolcim on the shares of Lafarge not yet held by the Franco-Swiss group has been presented to the Financial Market Authority (Autorité des marchés financiers) at a price of €60 per share.

On the reopening of the takeover bid on 31 July, 2015, LafargeHolcim held 96.41% of the capital and 95.35% of the voting rights of Lafarge.

Lafarge shares are re-listed from 15 September.

The world two largest cement producers are understood to have agreed the terms of a US$50 billion (€36.5 billion) merger, in the industry's biggest ever tie-up

It is understood that Holcim will launch a public takeover for Lafarge payable in shares. If successful, the combined entity will be based in Switzerland but will have operational headquarters in Switzerland and France.

Further details are expected today (Monday).

Lafarge Chief Executive Officer Bruno Lafont will become CEO of the combined e

Lafarge Cementos plans to set up a Sustainability Commission in 2012 in its HQ town of Sagunto in Spain.