# Huaxin Cement to acquire Lafarge plants in Zambia and Malawi for $160M

Huaxin Cement's board approved the acquisition of Lafarge Zambia Plc and Lafarge Cement Malawi Ltd for a total enterprise value of US$160 million. The deal will add 1.75 million tons of annual cement capacity in Africa.

- Type: Acquisition
- Announced: 2021-06-10
- Where: Zambia and Malawi, Zambia
- Value: $160.0M
- Status: announced
- Capacity: 1.75 million tons/year
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Huaxin Cement](https://endata.com/companies/16152.md) (acquirer)
- [Lafarge Zambia](https://endata.com/companies/56129.md) (target)
- [Lafarge Cement Malawi](https://endata.com/companies/56130.md) (target)
- [Financière Lafarge](https://endata.com/companies/56131.md) (partner)

## Sources

- [invt.com](https://www.invt.com/news/huaxin-cement-acquire-lafarge-plants-102), 2021-06-30: "Huaxin Cement to acquire Lafarge plants in Zambia and Malawi and related businesses for US$160 million."

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