Cleary Gottlieb assisted Lafarge in structuring and implementing its international employee offering plan, made to approximately 60,000 employees in 49 jurisdictions. The offering was for approximately 550,000 new shares.
Eligible employees were offered the opportunity to participate in a standard stock offering (LEA) or in an alternative cash formula.
Lafarge, a long-time Cleary client, is a French industrial group and the world leader in building materials, with top-ranking positions in each of its four divisions (cement, roofing, aggregates & concrete and gypsum), with several hundred quarries and plants around the world. Lafarge has 77,000 employees in 75 countries.