Lafarge Africa Plc has concluded the acquisition of shares in Ashaka Cement Plc from Lafarge Nigeria, as part of the ongoing merger of the group’s Nigerian and South African operations. Shareholder approval was received in July for the deal which would see the group optimising its assets in both countries and maximising its potential in the region. It was the second big cement industry deal on the Nigerian stock exchange this week, the first being the acquisition by Investment Corporation of Dubai of a US$300 million minority stake in Dangote Cement.
Meanwhile, Lafarge Cement WAPCO, signed a Memorandum of Understanding with the National Association of Block Moulders of Nigeria in conjunction with the Standards Organisation of Nigeria. The MoU will see Lafarge WAPCO offering training to block makers in a bid to help prevent further incidents of building collapse, which is prevalent in Nigeria. The company has already trained 4100 block makers and plans to train 5000 altogether by the end of the year. It is hoped that a better understanding of the cement products they are using will help block makers to guard against specifying the wrong materials for the job.
Edited from various sources by Katherine Guenioui
Read the article online at: https://www.worldcement.com/africa-middle-east/10092014/news-from-lafarge-cement-operations-in-nigeria-457/