# Lafarge Africa to sell South African operations to Caricement for US$317m

Lafarge Africa has agreed to sell its full stake in Lafarge South Africa to Caricement for US$317 million. The deal is expected to complete in the third quarter of 2019, subject to regulatory approval.

- Type: Acquisition
- Announced: 2019-06-21
- Where: South Africa, South Africa
- Value: $317.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Lafarge Africa](https://endata.com/companies/26097.md) (partner)
- [Lafarge Africa](https://endata.com/companies/26097.md) (target)
- [Caricement](https://endata.com/companies/40169.md) (acquirer)
- [Lafarge South Africa](https://endata.com/companies/40985.md) (target)

## Sources

- [globalcement.com](https://globalcement.com/news/10158-lafarge-africa-to-sell-south-african-operations-to-caricement-for-us-317m), 2019-06-21: "Lafarge Africa has agreed to sell its full stake in Lafarge South Africa business to Caricement for US$317m."
- [marketscreener.com](https://www.marketscreener.com/quote/stock/HBM-NIGERIA-PLC-6500000/news/Caricement-BV-completed-the-acquisition-of-Lafarge-South-Africa-Ltd-from-Lafarge-Africa-Plc-34213378/), 2019-07-30: "Caricement BV completed the acquisition of Lafarge South Africa Ltd from Lafarge Africa Plc."

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