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News Holcim to sell Lafarge Zimbabwe to Fossil Mines

Holcim to sell Lafarge Zimbabwe to Fossil Mines

Written by Global Cement staff 08 June 2022
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Zimbabwe: Holcim subsidiary Associated International Cement has entered into a binding agreement to sell its 76% stake in Lafarge Zimbabwe to Fossil Mines for an undisclosed amount. Five bidders were competing for the cement company, according to the Business Times newspaper. These companies included three China-based companies as well as local ones. China-based Huaxin Cement was reportedly one of the Chinese bidders.

Published in Global Cement News
Tagged under
  • Zimbabwe
  • Holcim
  • Associated International Cement Limited
  • Divestments
  • Acquisition
  • Lafarge Zimbabwe
  • Fossil Mines
  • Huaxin Cement
  • GCW560

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