41 Other information
On April 7, 2014, Holcim Ltd and Lafarge S.A. announced their intention to combine the two companies through a merger. The proposed combination would be structured as a public offer filed by Holcim for all outstanding shares of Lafarge on the basis of a 1 for 1 exchange ratio. The combination is conditional upon, amongst other things, execution of definitive documentation, obtaining required approvals from the relevant regulatory authorities and other customary authorizations and approval of the shareholders of Holcim Ltd and is expected to be completed by the end of the first half of 2015. In 2014, Holcim has incurred merger costs of CHF 77 million.
Holcim and Lafarge have completed all necessary notifications with regulatory authorities worldwide. On December 15, 2014, Holcim and Lafarge received clearance from the European Commission for their proposed merger.
As part of the proposed merger, Holcim and Lafarge announced on February 2, 2015, that they have entered exclusive negotiations, further to a binding commitment made by CRH, regarding the sale of several assets.