Swiss cement maker Holcim withdraws from Euronext Paris

The Swiss cement maker Holcim, which had merged in 2015 with the French Lafarge, will withdraw its actions from Euronext Paris at the end of December to simplify the trading structure by concentrating it on the Swiss Stock Exchange, he announces on Monday.

The group, whose registered office had been transferred to the city and canton of Zug, at the center of Switzerland, after the merger, will propose a procedure facilitating the sale of the titles, said Holcim in a press release, specifying however that the shareholders will have several options to keep or sell their securities.

The withdrawal from Euronext Paris must take place on December 30, details the group.

This withdrawal will reduce administrative costs, the main listing of the share being on the Swiss Stock Exchange.

Holcim recommends that shareholders wishing to keep their titles to quickly contact their financial intermediary to verify the conditions applicable for trading on the Swiss Stock Exchange.

The group has published a calendar detailing the various options for shareholders, in particular for those who hold Pure nominative titles which must contact the BNP Paribas bank.

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The sale facilitating offer will begin on November 28 and will last until December 16.

The last day of the trading on Euronext Paris is scheduled for December 29. After the merger, the cement maker had initially attached the names of the two companies to become Lafargeholcim.

But last year, the group's corporate name was simplified to become simply Holcim.