Holcim selling business in Nigeria to Chinese cement group
The Swiss cement manufacturer Holcim wants to sell its shares in the Nigeria-based Lafarge Africa PLC Group to the Chinese cement manufacturer Huaxin Cement. The sale price is one billion dollars on a 100 percent basis.
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According to an agreement announced on Sunday, the Chinese Group will take over Holcim’s stake of 83.81%.
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The transaction is expected to be completed in 2025. Lafarge Africa PL specialises in the production and distribution of cement.
Translated from French by DeepL/ds
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