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Successful completion of Lafarge €1.5 billion rights issue
- 31st May 2009
- Materials Handling
Date 04/24/2009
Lafarge announces today the successful completion of its €1.5 billion capital increase. The final proceeds of the capital increase are €1,500,317,581, through the issuance of 90,109,164 shares.
With the capital increase, launched on April 2nd, the Group completed a key step of the € 4.5 billion platform of assertive measures announced on February 20, 2009 to strengthen its financial structure. This demonstrates the Group's commitment to rapidly implement its plan, which includes ongoing operational efforts to reduce costs, lower capital expenditures and working capital along with the implementation of a €1 billion divestment plan in 2009.
Total orders were approximately € 2.6 billion, a subscription rate of 172%. 88,494,750 shares were subscribed on an irrevocable basis.
Settlement, delivery and listing of the new shares are scheduled to take place on April 28, 2009.
Other news articles from Lafarge Aggregate (UK) Ltd (Bungay)
- Lafarge places a 350 million pound sterling bond and privately a 250 million euro bond
- Lafarge announces the divestment of its Cement, Concrete and Aggregates activities in Marmara & West Black Sea regions in Turkey for € 163 million
- Lafarge achieves record operating results in 2008
- Lafarge sponsors the Camp des Milles Memorial
"Living within infrastructure": A study by architect Marc Mimram, in partnership with Lafarge- Lafarge results as of June 30, 2008
- Lafarge at the heart of life in the city placing the environment at the core of its action
- Lafarge, the 1st CAC 40 company to receive French and European accessibility lables for its website
Lafarge acquires a 35% stake in the Meftah Cement Plant in Algeria, as part of the privatization process
LAFARGE ACQUIRES L&T CONCRETE TO BECOME THE LEADER
Lafarge signs binding agreement with CBMI, a Chinese Equipment Supplier, for the construction of Six Cement Plants
Lafarge to divest 50% stake in Lafarge Titan Joint Venture in Egypt- Lafarge acquires Orascom Cement, the leading cement group in the Middle East and Mediterranean Basin.
- Lafarge Signs Strategic Cooperation Agreement with Government of Yunnan Province, China, to boost its expansion in a fast growing market
- Accelerating innovation in concrete: Lafarge inaugurates a unique new research facility
- Lafarge announces intention to apply for delisting from New York Stock Exchange
- Lafarge and Paris Plages renew their partnership
- Lafarge accelerates its innovations in concrete and launches two new products on an international scale: Extensia™ and Chronolia™
- Bertrand Collom steps down as Chairman of Lafarge Bruno Lafont appointed Chairman and Chief Executive Officer of the Group
- Acquisition of Lafarge Roofing by PAI partners