Holcim closes Nigeria divestment
Published by Alfie Lloyd-Perks,
Editorial Assistant
World Cement,
Holcim has completed the divestment of its Nigeria business, selling its entire 83.81% shareholding in Lafarge Africa PLC to Huaxin Cement.
Holcim has completed the divestment of its Nigeria business, selling its entire 83.81% shareholding in Lafarge Africa PLC to Huaxin Cement at an equity value of US$1 billion on a 100% basis before dividend adjustments.
Martin Kriegner, Regional Head Asia, Middle East & Africa: "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 PLC and Huaxin Cement continued success."
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Read the article online at: https://www.worldcement.com/africa-middle-east/01092025/holcim-closes-nigeria-divestment/
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