Nigeria: Lafarge Africa’s shareholders have approved a plan to rename the cement maker as HBM Nigeria Plc, marking the formal shift to its new Chinese majority owner Huaxin Building Materials (HBM). The decision was approved at the company's annual general meeting on 30 April 2026. The board was authorised to amend the company's articles and take the steps needed to complete the name change.
The rebrand follows Holcim's agreement in December 2024 to sell its almost 84% stake in Lafarge Africa to HBM in a deal valued at about US$1bn. HBM is one of the world's largest cement producers and has been expanding across Africa since the start of the 2020s.
