Huaxin Cement completes 75% acquisition of Lafarge Zambia

Huaxin Cement has completed the acquisition of 75% equity in Lafarge Zambia Plc from Financière Lafarge SAS and Pan African Cement for an estimated $160 million. The deal adds 1.5 million tons per year of cement capacity and 600,000 tons per year of aggregate capacity in Zambia.

“Huaxin Cement completed the payment of the estimated price on November 30, 2021, and the final transaction price will be adjusted and finally determined according to the consideration adjustment mechanism.”e.ccement.com

• 2 sources
• e.ccement.comHuaxin Cement acquired Holcim Zambia and Malawi Cement, and the 75% equity delivery conditions have been met.Nov 30, 2021
• finance.sina.com.cn华新水泥股份有限公司关于收购豪瑞赞比亚、马拉维水泥及相关业务的进展公告|水泥_新浪财经_新浪网王晓爱：Nov 30, 2021

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