Nigeria: Holcim has completed the divestment of its Nigerian business, selling its entire 83.8% stake in Lafarge Africa to Huaxin Cement in a deal valued at US$1bn.
Holcim regional head Asia, Middle East & Africa Martin Kriegner said “We are pleased to have found in Huaxin Cement a trusted buyer that is committed to further developing the business in Nigeria. At the same time, the sale proceeds give Holcim additional capacity for our growth-focused capital allocation. We wish Lafarge Africa and Huaxin Cement continued success.”
