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Huaxin Cement completed the acquisition of an 83.81% stake in Lafarge Africa Plc for $773 million, becoming the largest shareholder. Lafarge Africa operates four cement plants in Nigeria with annual capacity of 10.6 million tonnes.
“华新海外发展迎来又一个里程碑:成功完成对尼日利亚拉法基非洲股份有限公司(Lafarge Africa Plc)83.81% 股权的收购,交易对价 7.73 亿美元(约55.13亿元人民币),正式成为该公司第一大股东。”finance.sina.com.cn
Summarized from public sources; check the original articles before acting on it.