LaFarge Coppee S.A. ADR (LFRGY) - OTCPK - Current
  • Jul. 15, 2015, 8:07 AM
    • LafargeHolcim (OTCPK:HCMLF), the company formed by the recent merger between Holcim and Lafarge, has confirmed plans to deliver cost savings of €1.4B euros ($1.5B) within three years.
    • "Following the successful completion of the merger...the new group will now work toward creating the highest performing company in the building materials industry," the company said in a statement.
    | Jul. 15, 2015, 8:07 AM
  • May 27, 2015, 9:29 AM
    • Holcim (OTCPK:HCMLY) and Lafarge (OTCPK:LFRGY) have finalized the make-up of the future 10-member executive committee of the combined LafargeHolcim.
    • The two also reached a binding agreement under which Irish cement maker CRH will buy some of their assets for €6.5B ($7.1B). The deal was a regulatory condition required for the merger.
    | May 27, 2015, 9:29 AM
  • May 20, 2015, 7:04 AM
    • Holcim (OTCPK:HCMLY) has announced it will cut 120 jobs in Switzerland ahead of its mega-merger with Lafarge (OTCPK:LFRGY). The latter plans to cut 380 jobs.
    | May 20, 2015, 7:04 AM
  • May 4, 2015, 4:58 PM
    • Cement makers Holcim (OTCPK:HCMLF, OTCPK:HCMLY) and Lafarge (OTC:LFGEF, OTCPK:LFRGY) win antitrust approval to merge from the U.S. Federal Trade Commission after agreeing to divest plants, terminals and a quarry to gain approval of their $25B deal.
    • As earlier revealed, Holcim will dispose of three terminals in Michigan and Illinois, as well as slag grinding stations in Illinois and New Jersey, while Lafarge will sell its Davenport cement plant in Iowa and seven terminals along the Mississippi River.
    | May 4, 2015, 4:58 PM
  • May 4, 2015, 11:01 AM
    | May 4, 2015, 11:01 AM
  • Apr. 30, 2015, 4:45 AM
    • Holcim's (OTCPK:HCMLY) second-largest shareholder has given its support for the company's takeover of Lafarge (OTCPK:LFRGY), removing one of the last obstacles for a $44B merger which would create the world's largest cement company.
    • The backing is another boost for Holcim as it seeks to win over two-thirds of investors at a shareholder meeting on May 8, in order to approve a fundraising to pay for the merger.
    | Apr. 30, 2015, 4:45 AM
  • Apr. 17, 2015, 4:12 AM
    • Lafarge (OTCPK:LFRGY) and Holcim (OTCPK:HCMLY) have given details regarding their asset disposals in the U.S., as part of their planned $44B merger due to close in July.
    • Lafarge will sell its Davenport cement plant in Iowa and seven terminals along the Mississippi River to Summit Materials (NYSE:SUM) for $450M in cash plus Summit's Bettendorf, Iowa cement terminal.
    • Holcim will dispose of three terminals in Michigan and Illinois, as well as slag grinding stations in Illinois and New Jersey.
    | Apr. 17, 2015, 4:12 AM
  • Apr. 14, 2015, 4:50 AM
    • Holcim (OTCPK:HCMLY) and Lafarge (OTCPK:LFRGY) have named the candidates for their combined company's board of directors, with each firm receiving seven seats.
    • The 14 members are due to be elected at its extraordinary general meeting on May 8.
    • Last week, Lafarge and Holcim chose veteran Lafarge executive Eric Olsen to be chief executive of the new $44B merged company.
    | Apr. 14, 2015, 4:50 AM
  • Apr. 9, 2015, 3:08 AM
    • As expected, veteran Lafarge executive Eric Olsen will become CEO of the cement giant that will be created from the $44B merger of his current company with Holcim.
    • Olsen, who is 51, is Lafarge's executive VP for operations and is responsible for countries that include France, the U.S., Brazil and Egypt.
    • Lafarge CEO Bruno Lafont had been slated to head LafargeHolcim but the proposal ran into trouble with shareholders. (PR)
    • Previous
    • Tickers: OTC:LFGEF, OTCPK:LFRGY, OTCPK:HCMLF, OTCPK:HCMLY
    | Apr. 9, 2015, 3:08 AM
  • Mar. 30, 2015, 4:25 AM
    • Eurocement, the second-largest shareholder in Holcim (OTCPK:HCMLY), plans to vote against the Swiss company's union with Lafarge (OTCPK:LFRGY) unless the financial terms of the deal are altered.
    • Last week, the two cement companies salvaged their $44B merger with a revision to their agreement, saying Holcim would offer 0.90 of one of its shares for each one of Lafarge, instead of a one-for-one swap.
    • Eurocement alone can’t derail the deal, which requires the approval of two thirds of Holcim's shareholders at an extraordinary meeting (scheduled for May 8).
    | Mar. 30, 2015, 4:25 AM | 1 Comment
  • Mar. 20, 2015, 2:23 AM
    • After several days of intense negotiations, Europe's two largest cement companies Holcim (OTCPK:HCMLY) and Lafarge (OTCPK:LFRGY) have salvaged their $44B merger by reconciling differences over financial terms and management.
    • Under the new arrangement, Holcim will pay about 0.90 of one of its shares for each one of Lafarge (instead of a 1:1 ratio), while Lafarge CEO Bruno Lafont will become co-chairman of the combined group rather than its new head.
    | Mar. 20, 2015, 2:23 AM | 1 Comment
  • Mar. 19, 2015, 7:18 AM
    • Holcim (OTCPK:HCMLY) and Lafarge (OTCPK:LFRGY) are progressing in last-ditch talks to salvage their $44B cement merger, Bloomberg reports, stating the possibility that a preliminary agreement could be reached as early as today.
    • The cement giants are discussing revised figures where Holcim would give about 0.90 of a share in return for one Lafarge share, instead of the original 1:1 ratio.
    • The two have also reached a preliminary understanding to make Lafarge CEO Bruno Lafont co-chairman of the new entity (along with Holcim Chairman Wolfgang Reitzle) amid growing resistance to him taking the top job.
    • Another Lafarge executive is likely to be chosen as the new CEO of the merged company instead.
    • Previously: Holcim, Lafarge weigh merger (Mar. 18 2015)
    | Mar. 19, 2015, 7:18 AM
  • Mar. 18, 2015, 7:40 AM
    | Mar. 18, 2015, 7:40 AM
  • Mar. 16, 2015, 9:29 AM
    • Confirming the rocky status of the Lafarge-Holcim merger, Lafarge (OTCPK:LFRGY) has announced it received a letter yesterday from Holcim's (OTCPK:HCMLY) Chairman stating that its board had chosen not to pursue the execution of the combination agreement per the terms they established on July 7, 2014.
    • Holcim's board also challenged the financial terms and governance structure of the proposed merger of equals.
    • Lafarge's board says it remains committed to the project and is willing to explore the possibility of a revision of the parity, but will not accept any other modification of the terms of the existing agreements.
    • Previously: Holcim proposes changes to cement Lafarge deal (Mar. 16 2015)
    • Previously: FT: Holcim, LaFarge may reconsider terms of merger deal (Mar. 11 2015)
    | Mar. 16, 2015, 9:29 AM
  • Mar. 16, 2015, 2:53 AM
    • Holcim (OTCPK:HCMLY) has proposed changes to its planned merger with Lafarge (OTCPK:LFRGY) that include a modification of their proposed share-exchange ratio and management structure, Bloomberg reports.
    • While the original ratio was 1:1, Holcim is now proposing that Lafarge adopt a 0.875 weighting and Lafarge has signaled it will counter with a weighting of 0.93.
    • Lafarge CEO Bruno Lafont had been picked to lead the combined company, which will be the world’s largest cement maker with $44B in annual sales.
    • Previously: FT: Holcim, LaFarge may reconsider terms of merger deal (Mar. 11 2015)
    | Mar. 16, 2015, 2:53 AM
  • Mar. 11, 2015, 2:33 PM
    • Holcim (OTCPK:HCMLF) and Lafarge (OTC:LFGEF) are in talks to renegotiate the terms of their €41B merger after a divergence in the value of the two companies over the past year, Financial Times reports.
    • Holcim shareholders have raised concerns over the terms of the deal in recent weeks.
    • In euro terms, shares in Holcim have gained 6.8% vs. a 0.6% loss for Lafarge since the deal was announced last April; Holcim is worth €23B to Lafarge’s €18.5B, whereas their respective values last April were €21B and €18.4B.
    | Mar. 11, 2015, 2:33 PM
Company Description
Lafarge is a holding company. Through its subsidiaries, Co. is engaged in the manufacturing of construction materials. Co. operates through four business divisions: The Cement division; The Aggregates & Concrete Division; The Roofing division; and The Gypsum division.
Industry: General Building Materials
Country: France