# 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.

- Type: Acquisition
- Announced: 2024-12-01
- Where: Nigeria, Nigeria
- Value: $838.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Holcim](https://endata.com/companies/15354.md) (target)
- [Huaxin Cement](https://endata.com/companies/16152.md) (acquirer)
- [Lafarge Africa](https://endata.com/companies/26097.md) (target)
- [Holderfin BV](https://endata.com/companies/26120.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1218636.html), 2024-12-01: "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。"
- [lafarge.com.ng](https://www.lafarge.com.ng/lafarge-africa-reaffirms-its-commitment-nigeria), 2024-12-03: "On December 1, 2024, the Holcim Group announced that it had signed an agreement to sell its 83.81% shareholding in Lafarge Africa Plc to Huaxin Cement Ltd."

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