Through a repurchase transaction with Eurocement, Sberbank holds 6.12 percent of the LafargeHolcim voting rights and registered share capital. In our opinion this is a bad omen since Filaret Gatchev, the founder of Eurocement, was a reference shareholder of Holcim and was against the merger between Lafarge and Holcim since he believed that the exchange ratio of 0.9 failed to compensate Holcim shareholders adequately. This could mean that he does not buy the story about the synergies or that h
27 Jan 2016
Eurocement out! The Beauty and the Beast: value destructive merger for Holcim?
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Eurocement out! The Beauty and the Beast: value destructive merger for Holcim?
Through a repurchase transaction with Eurocement, Sberbank holds 6.12 percent of the LafargeHolcim voting rights and registered share capital. In our opinion this is a bad omen since Filaret Gatchev, the founder of Eurocement, was a reference shareholder of Holcim and was against the merger between Lafarge and Holcim since he believed that the exchange ratio of 0.9 failed to compensate Holcim shareholders adequately. This could mean that he does not buy the story about the synergies or that h