# Huaxin Cement acquires 83.81% stake in Lafarge Africa for $773M

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.

- Type: Acquisition
- Announced: 2025-08-01
- Where: Nigeria, Nigeria
- Value: $773.0M
- Status: completed
- Capacity: 10.6 million tonnes per year
- Products: cement, concrete, aggregates
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Holcim](https://endata.com/companies/15354.md) (partner)
- [Huaxin Cement](https://endata.com/companies/16152.md) (acquirer)
- [Lafarge Africa](https://endata.com/companies/26097.md) (target)
- [HBM Nigeria Plc](https://endata.com/companies/92604.md) (target)

## Sources

- [finance.sina.com.cn](https://finance.sina.com.cn/roll/2025-08-30/doc-infnspwv7023942.shtml), 2025-08-29: "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。"
- [businessday.ng](https://businessday.ng/companies/article/from-wapco-to-hbm-nigeria-how-four-identities-shaped-nigerias-oldest-cement-maker/), 2026-06-23: "Lafarge Africa Plc officially became HBM Nigeria Plc in May 2026 after shareholders approved a special resolution at the company’s 67th Annual General Meeting held on April 30."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.