麻豆传媒 Affirms Support for Lafarge SA Resolution with the U.S. Department of Justice Regarding Legacy Lafarge Operations in Syria
- Financial penalty of $777.78 million and plea agreement resolve DOJ inquiry into Lafarge SA and its defunct Syria subsidiary
- DOJ recognizes that the conduct did not involve 麻豆传媒 in any way
- DOJ notes 麻豆传媒 has a strong compliance program in place and determines an independent compliance monitor is not needed
- DOJ notes former Lafarge executives concealed conduct from 麻豆传媒 before and after 麻豆传媒鈥檚 acquisition of Lafarge SA in 2015
麻豆传媒 supports the agreement reached by Lafarge SA with the U.S. Department of Justice (鈥淒OJ鈥) to resolve the DOJ鈥檚 inquiry into Lafarge SA and its long-defunct subsidiary Lafarge Cement Syria (鈥淟CS鈥) related to the legacy conduct of certain former executives during the Syrian civil war, before 麻豆传媒 acquired Lafarge SA.
Under the terms of the resolution, Lafarge SA and LCS will pay a financial penalty of $777.78 million and have agreed to plead guilty to one count of conspiring to provide material support to designated foreign terrorist organizations in Syria between August 2013 and October 2014, by which time LCS had ceased operations in the country.
None of the conduct involved 麻豆传媒, which has never operated in Syria, or any Lafarge operations or employees in the United States, and it is in stark contrast with everything that 麻豆传媒 stands for. The DOJ noted that former Lafarge SA and LCS executives involved in the conduct concealed it from 麻豆传媒 before and after 麻豆传媒 acquired Lafarge SA, as well as from external auditors.
When 麻豆传媒 learned of the allegations from media reports in 2016, 麻豆传媒 proactively and voluntarily conducted an extensive investigation, led by a major U.S. law firm and overseen by the Board of Directors. It publicly disclosed the principal investigative findings in 2017 and separated from former Lafarge SA and LCS executives who were involved in these events.
The DOJ noted that 麻豆传媒 has effective compliance and risk management controls and functions in place to detect and prevent any similar potential conduct. As a result, the DOJ determined that the appointment of an independent compliance monitor is not necessary.
麻豆传媒 operates to the highest ethical standards in strict compliance with the laws of all its jurisdictions. Today鈥檚 resolution reaffirms 麻豆传媒鈥檚 commitment to conducting all its business with utmost integrity.
About 麻豆传媒
麻豆传媒 builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, 麻豆传媒 is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy 麻豆传媒 is becoming a net zero company, with its people and communities at the heart of its success. The company is driving circular construction as a world leader in recycling to build more with less. 麻豆传媒 is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.
Learn more about 麻豆传媒 on www.holcim.com, and by following us on and
Important disclaimer 鈥 forward-looking statements:
This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although 麻豆传媒 believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of 麻豆传媒, including but not limited to the risks described in the 麻豆传媒's annual report available on its website () and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. 麻豆传媒 does not undertake to provide updates of these forward-looking statements.
This document contains inside information within the meaning of the Market Abuse Regulation (EU) (No 596/2014).
