Olsen (aged 51) is now Lafarge vice-president in charge of operations in several states like France, the US, Brazil and Egypt.
He joined the French group in 1999 and has been a member of Lafarge executive board since 2007.
Holcim (Switzerland) and Lafarge decided in 2014 on a merger by exchange of shares thus creating the largest cement manufacturer in the world with annual sales of 40 billion Euros.
In December 2014 EC approved the merger early this year, but obtaining the approval of the European institution depended on giving up some of the shares held by the two cement producers.
IN these conditions Holcim and Lafarge reached an agreement with the Irish producer CRH who was supposed to buy most of the shares sold by the two companies, included those in Romania, for 6.5 billion Euros.
In Romania the Irish producer will take over the assets of Lafarge company- two cement factories in Medgidia and Hoghiz and the grinding factory in Targu Jiu.
Holcim assets in Romania include two cement factories in Campulung and Alesd, a cement terminal in Turda, 13 ecological concrete stations, three aggregate stations, two special binder stations and a cement terminal in Bucharest.
On March 20, Holcim and Lafarge agreed to review conditions of the announced merger when Holcim showed it would not continue the merger with Lafarge in case the initial understanding was not amended.
The new terms foresee and exchange rate of the two companies’ bonds of 9 Holcim shares for 10 Lafarge shares. (source: actmedia.eu)
