Tag: Lafarge Africa
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Holcim to Exit Nigeria, Sells Lafarge Africa Stake to Huaxin Cement for $1 Billion
Swiss cement and building materials manufacturer Holcim has announced its strategic exit from Nigeria, signing an agreement to sell its entire 83.81 per cent stake in Lafarge Africa Plc to China’s Huaxin Cement for $1 billion, marking a shift in the company’s global investment strategy. The transaction, expected to close in 2025, is subject to…