- Holcim AG has agreed to sell its 83.8% stake in Lafarge Africa to a Chinese cement company, Huaxim Cement Co
- The deal is reportedly valued at $1 billion and would be finalised in 2025, subject to regulatory approval
- The deal will see Lagarge’s market capitalisation on the Nigerian Exchange Limited (NGX) double if the new owners do not delist from the NGX
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
Holcim AG will sell its 83.8% share in Lafarge Africa to Huaxin Cement Co., a Chinese cement company, in a $1 billion deal.
