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Lafarge, Africa and Huaxin Cement
Holcim Lafarge sale ups Chinese ownership of African cement market
The transaction is expected to close in 2025, subject to regulatory approval, Holcim's statement said, without elaborating on the reason for this particular sale
Lafarge Africa to Be Acquired by Huaxin Cement in Major Shareholding Shift
Holcim Group has signed an agreement to sell its 83.81% stake in Lafarge Africa Plc to Huaxin Cement Ltd, marking a significant transition for the Nigerian cement and building solutions company.
Why Lafarge Africa seeks to sell its stake to a Chinese firm
Holcim AG has agreed to sell its stakes in Lafarge Africa to a Chinese cement firm in a deal valued at $1 billion as Holcim seeks to divest from Nigeria.
Holcim Exits Nigerian Market After 65 Years, Sells Lafarge Africa to Huaxin Cement for $1bn
Cement maker Holcim has announced the $1 billion sale of its 83.8% stake in Lafarge Africa to China’s Huaxin Cement.
Huaxin Cement to buy Lafarge Africa for US$1bn
Nigeria: Holcim plans to sell Lafarge Africa to China-based Huaxin Cement for an equity value of US$1bn. The Switzerland-based building materials producer owns an 83% share of the subsidiary. The transaction is expected to close in 2025 subject to regulatory approvals.
Dealers Announce New Cement Price, Other Building Material as Chinese Firm Set to Take over Lafarge
According to an investigation conducted recently, the cost of building materials has increased significantly by over 100 per cent in the last 12 months.
Holcim to exit Nigeria, sells 83% stake in Lafarge to Chinese firm
Holcim, a Swiss building materials company, has agreed to sell its Nigerian business to Huaxin Cement Ltd., a Chinese firm, in a deal that values the asset at $1 billion.
Holcim to sell Lafarge Africa stake to Huaxin Cement in $1 billion deal
(Reuters) -Swiss cement maker Holcim will exit its Nigerian business through the sale of its almost 84% stake in Lafarge Africa to China's Huaxin Cement in a $1 billion deal, it said on Sunday. The transaction is expected to close in 2025,
Holcim Sells Nigerian Unit to Huaxin Cement at $1 Billion Value
Swiss building materials company Holcim AG agreed to sell its Nigerian business to China’s Huaxin Cement Co. in a deal that values the asset at $1 billion.
Holcim to exit Lafarge Africa with $1 billion stake sale
Swiss cement giant Holcim has announced its exit from the Nigerian market by selling its nearly 84% stake in Lafarge Africa to China’s Huaxin Cement. ・Holcim is selling its nearly 84% stake in Lafarge Africa to Huaxin Cement,
Holcim to sell nearly 84% stake in Nigerian business to Huaxin Cement in $1B deal
Holcim (OTCPK:HCMLF)(OTCPK:HCMLY) said Sunday it agreed to sell its stake in Lafarge Africa to China’s Huaxin Cement in a $1B deal. Holcim owns 83.8% of the Nigerian-based business, the Swiss cement maker said in a statement.
businessday
21h
Lafarge hits 52-week high as Huaxin deal drives buyers
As the Lafarge Africa Plc shares continue to drive rally at the Nigerian Exchange Limited (NGX), the acquisition Value Per ...
World Cement
2d
Holcim signs agreement to sell its Nigerian business
Holcim has signed an agreement with Huaxin Cement Ltd to sell its entire 83.81% shareholding in Lafarge Africa PLC, at an ...
YNaija
2d
Top 5 Stories Of The Day | Swiss Multinational Exits Nigeria After Selling Lafarge Africa for $1bn
Swiss multinational exits Nigeria after selling Lafarge Africa for $1bn FCCPC probes MTN, Air Peace, and GTBank over reports ...
Bizcommunity
1d
Holcim Lafarge sale up Chinese ownership of African cement market
Swiss
cement
maker Holcim will exit its Nigerian business through the sale of its almost 84% stake in Lafarge Africa to ...
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