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Holcim to sell Lafarge Africa stake to Huaxin Cement
Why Lafarge Africa seeks to sell its stake to a Chinese firm
Holcim AG has agreed to sell its stakes in Lafarge Africa to a Chinese cement firm in a deal valued at $1 billion as Holcim seeks to divest from Nigeria.
Holcim to sell Lafarge Africa stake to Huaxin Cement in $1 billion deal
(Reuters) -Swiss cement maker Holcim will exit its Nigerian business through the sale of its almost 84% stake in Lafarge Africa to China's Huaxin Cement in a $1 billion deal, it said on Sunday. The transaction is expected to close in 2025,
Holcim Sells Nigerian Unit to Huaxin Cement at $1 Billion Value
Swiss building materials company Holcim AG agreed to sell its Nigerian business to China’s Huaxin Cement Co. in a deal that values the asset at $1 billion.
Holcim to exit Lafarge Africa with $1 billion stake sale
Swiss cement giant Holcim has announced its exit from the Nigerian market by selling its nearly 84% stake in Lafarge Africa to China’s Huaxin Cement. ・Holcim is selling its nearly 84% stake in Lafarge Africa to Huaxin Cement,
Holcim to sell nearly 84% stake in Nigerian business to Huaxin Cement in $1B deal
Holcim (OTCPK:HCMLF)(OTCPK:HCMLY) said Sunday it agreed to sell its stake in Lafarge Africa to China’s Huaxin Cement in a $1B deal. Holcim owns 83.8% of the Nigerian-based business, the Swiss cement maker said in a statement.
The Africa Report
2h
Macron argues Nigeria will become ‘natural choice’ for French companies in Africa
As global competition heats up, economic logic is pushing French corporates like TotalEnergies, Suez, Canal+ and Eutelsat ...
AllAfrica.com
8m
Nigeria: Native Doctors, Prophets Not Responsible for My Victory - Okpebholo
Edo State governor, Monday Okpebholo, has said no native doctor or prophet was responsible for his victory at the September 21 governorship election.
3h
Ronald Lamola: South Africa grateful for Nigeria's 'relentless support' during anti-apartheid struggle
Minister of International Relations and Cooperation, Ronald Lamola, has welcomed the visiting Nigerian delegation, led by ...
The Africa Report
3h
Nigeria: Workers begin strike over new minimum wage
The union’s spokesperson says the strike action will continue until an agreement is reached with the governors.
Legit on MSN
1d
BREAKING: Tinubu to leave France for South Africa, details of his next emerge
President Tinubu will travel to South Africa to co-chair the 11th session of the Nigeria-South Africa Bi-National Commission ...
PM NEWS Nigeria
7h
Tinubu to co-chair 11th session of Nigeria-South Africa BNC with Ramaphosa
According to the statement, the BNC will be preceded by a ministerial meeting on December 2, 2024, at the South African ...
AllAfrica.com
49m
Nigeria: Tinubu Departs Paris for Cape Town Today
President Bola Tinubu is expected to depart Paris, France, on Monday for Cape Town, South Africa, to co-chair the 11th session of the Nigeria-South Africa Bi-National Commission (BNC) alongside ...
2d
Dozens Killed and Over 100 Missing in Nigeria After Boat Capsizes
Rescuers were searching for survivors after the vessel, taking passengers to a food market, capsized along the River Niger, ...
3h
Nigeria’s Latest Eurobond Sale Should See Solid Demand, Says RMB
Nigeria is selling eurobonds for the first time in more than two years as the African nation seeks reduce its fiscal deficit.
sanews
1h
SA eyes increased trade relations with Nigeria
International Relations and Cooperation Minister, Ronald Lamola, has emphasised to his Nigerian counterpart the necessity for ...
6h
South Africa leads ranking of sub-Saharan African universities
The University of Johannesburg has been ranked as sub-Saharan Africa’s best university, beating two South African rivals to ...
7h
on MSN
Where are the video games from Africa?
They take on the role of a chef and serve street food or other typical dishes from Nigeria, such as jollof rice or deep-fried ...
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