Shareholders Blame Holcim’s Exit From Nigeria On Economic Challenges

Swiss cement giant Holcim’s decision to exit the Nigerian market after 65 years has drawn sharp reactions from shareholders, who cited persistent economic challenges as key drivers of the move.

Holcim announced its decision to exit the Nigerian market after 65 years of operation, agreeing to sell its 83.8 per cent stake in Lafarge Africa Plc to China’s Huaxin Cement for $1bn.

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