# 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.

- Type: Acquisition
- Announced: 2021-11-30
- Where: Zambia, Zambia
- Value: $160.0M
- Status: completed
- Capacity: cement 1.5 million tons/year, aggregates 600,000 tons/year
- Products: cement, 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 Zambia](https://endata.com/companies/56129.md) (target)
- [Financière Lafarge](https://endata.com/companies/56131.md) (partner)
- [Pan African Cement](https://endata.com/companies/59289.md) (partner)

## Sources

- [e.ccement.com](https://e.ccement.com/news/content/18262317627466001.html), 2021-11-30: "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."
- [finance.sina.com.cn](https://finance.sina.com.cn/roll/2021-12-01/doc-ikyamrmy6078689.shtml), 2021-11-30: "本次股权收购完成后，公司在赞比亚增加150万吨/年的水泥产能及60万吨/年的骨料产能。"

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