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Holcim Sells Nigerian Unit to Huaxin Cement
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 deal aligns with Holcim's strategy to streamline its portfolio and focus on high-growth regions,
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.
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 Nigeria sells major stake at Lafarge Africa to Huaxin Cement for $1bn
Swiss building materials giant, Holcim AG has announced the sale of its Nigerian business to China’s Huaxin Cement Co. in
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 stake in Lafarge Africa
Swiss cement maker Holcim will sell its 84% stake in Lafarge Africa to China's Huaxin Cement for $1 billion, aligning with its strategy to streamline its portfolio and focus on high-growth regions. The transaction is expected to close in 2025,
Holcim to sell off stake in Lafarge Africa in $1 billion deal
Holcim AG will sell its 83.8 percent stake in Lafarge Africa to a Chinese cement maker, Huaxin Cement Co., in a deal that values Lafarge Afric
Why Lafarge Africa seeks to sell its stake to a Chinese firm
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.
1d
Holcim price target raised to CHF 103 from CHF 94 at Morgan Stanley
Morgan Stanley raised the firm’s price target on Holcim (HCMLY) to CHF 103 from CHF 94 and keeps an Overweight rating on the shares.Don't Miss ...
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 ...
5d
Environmental review on Grey Cloud Island mining company’s relocation plans released
No change in quarry operations or production levels is proposed. There are only five to seven years of life remaining in the ...
3d
Holcim’s Strategic Divestment in Lafarge Africa: A Balanced Hold Rating Amid Valuation Concerns and Regulatory Uncertainties
Tobias Woerner, an analyst from Stifel Nicolaus, maintained the Hold rating on Holcim (0QKY – Research Report). The associated price target ...
Yahoo Finance
13d
Holcim upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Elodie Rall upgraded
Holcim
(HCMLY) to Overweight from Neutral with a price target of CHF 108, up from CHF ...
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Huaxin Cement
Nigeria
Lafarge Africa
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