# Afrimat updates on Lafarge South Africa acquisition progress

Afrimat provides an update on its acquisition of 100% of Lafarge South Africa Holdings from a Holcim subsidiary. Several conditions precedent have been fulfilled, including approvals from South African mining and exchange control authorities and competition authorities in Botswana and Eswatini. The transaction awaits final approval from the South African Competition Tribunal.

- Type: Acquisition
- Announced: 2024-01-22
- Where: South Africa
- Status: announced
- Products: cement, construction materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Holcim](https://endata.com/companies/15354.md) (partner)
- [Lafarge South Africa](https://endata.com/companies/40985.md) (target)
- [Afrimat](https://endata.com/companies/70967.md) (acquirer)

## Sources

- [listcorp.com](https://www.listcorp.com/jse/aft/afrimat-limited/news/acquisition-of-lafarge-south-africa-update-2984660.html), 2024-01-22: "The Acquisition will become unconditional and be implemented once the Competition Tribunal approval has been obtained."
- [iol.co.za](https://iol.co.za/business-report/companies/2024-01-23-afrimat-awaits-green-light-from-tribunal-to-acquire-lafarge-south-africa/), 2024-01-23: "Afrimat agreed to some asset sales to clear the deal."

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