# Lafarge to buy out 45% stake in Lafarge Shui On Cement for €294M

Lafarge signed an agreement to acquire the 45% stake held by SOCAM Development in Lafarge Shui On Cement for HK$2,553 million (approx. €294 million), subject to the completion of its merger with Holcim.

- Type: Acquisition
- Announced: 2022-02-07
- Where: China
- Value: $320.0M (294.0M EUR)
- Status: announced
- Capacity: 32 million tonnes per year
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Lafarge S.A.](https://endata.com/companies/15776.md) (acquirer)
- [Lafarge Shui On Cement](https://endata.com/companies/60869.md) (target)
- [SOCAM Development](https://endata.com/companies/60870.md) (partner)

## Sources

- [holcim.com](https://www.holcim.com/media/media-releases/lafarge-has-signed-agreement-buy-out-a-45-interest-lafarge-shui-cement-subject-completion-its), 2022-02-07: "Lafarge has signed an agreement to acquire the 45 stake held by SOCAM Development Limited in Lafarge Shui On Cement."

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