Huaxin Cement to acquire Lafarge Africa Plc stake for $8.38 billion

Huaxin Cement announced plans to acquire a 27.77% stake in Lafarge Africa Plc, Nigeria's oldest cement company, for a total of $8.38 billion through two subsidiaries. The acquisition aims to expand Huaxin's presence in West Africa.

“华新水泥(600801.SH)公告，公司拟通过控股全资子公司海南华新泛非投资有限公司以5.60亿美元现金收购Holderfin B.V.持有的Caricement B.V.100%股权;通过全资子公司华新(香港)国际控股有限公司以2.78亿美元现金收购卖方持有的标的公司B 100%股权。”beta.zhitongcaijing.com

• 2 sources
• beta.zhitongcaijing.com华新水泥(600801.SH)拟8.38亿美元并购尼日利亚最早的水泥企业 拓展西非市场Dec 1, 2024
• lafarge.com.ngLafarge Africa Reaffirms its Commitment to NigeriaDec 3, 2024

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