Heidelberg Materials sells business in Congo
Published by Alfie Lloyd-Perks,
Editorial Assistant
World Cement,
Heidelberg Materials signs agreement to sell its majority stake of 91% in Cimenterie de Lukala SA to WIH Cement Developing Company Limited.
The transaction includes an integrated cement plant in the Democratic Republic of the Congo
Heidelberg Materials has entered into a definitive agreement to sell its majority stake of 91% in Cimenterie de Lukala SA, a cement manufacturer in the Democratic Republic of the Congo (DRC), to WIH Cement Developing Company Limited. The transaction comprises an integrated cement plant in Lukala, near the capital city of Kinshasa.
The financial terms of the transaction are confidential. The transaction is subject to regulatory approval and is expected to close in 2025.
The divestment of its business in the Democratic Republic of the Congo is part of Heidelberg Materials’ ongoing portfolio optimisation focusing on strengthening its strongest market positions.
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Read the article online at: https://www.worldcement.com/africa-middle-east/28012025/heidelberg-materials-sells-business-in-congo/
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