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| Lafarge announces completion of €1.5 billion capital increase The world's largest cement firm Lafarge announces 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. 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. write your comments about the article :: © 2009 Construction News :: home page |