Skip to main content

Lafarge to buy out shares in United Cement Company of Nigeria

Published by
World Cement,

According to reports, a Lafarge company in Nigeria, Nigerian Cement Holdings B.V., has entered into an agreement to purchase a 30% stake in United Cement Company of Nigeria (Unicem). The acquisition would take place in two stages, with the first 15% being acquired in 1Q15 and the second by February 2016.

Nigerian Cement Holdings, which is 50% owned by Lafarge Africa Plc, currently holds a 70% stake in Unicem, so this acquisition would give Lafarge complete control of the company. Unicem has a 2.5 million t cement plant and has recently begun work on a second 2.5 million t line. The shares are being acquired from Flour Mills of Nigeria.

Edited from various sources by


Read the article online at:

You might also like




At WCT2021 you will hear from a range of industry leaders and technical experts as they discuss the key challenges facing the cement industry and the latest solutions on offer. Register for free today »


World Cement Spotlight with PROMECON

In this World Cement Spotlight interview, David Bizley, Editor of World Cement, welcomes back Mr Hans Conrads, CEO and Owner of PROMECON, to discuss his new article in the September issue of World Cement.


Embed article link: (copy the HTML code below):