Holcim divested its 83.81% stake in Lafarge Africa PLC to Huaxin Cement for USD 1 billion, aiming to enhance its growth-focused capital allocation strategy.
Target Information
Holcim has successfully completed the divestment of its operations in Nigeria, selling its entire 83.81% stake in Lafarge Africa PLC to Huaxin Cement for an equity value of USD 1 billion on a 100% basis before dividend considerations. This strategic decision marks a significant pivot for Holcim, allowing them to focus more on their growth-oriented capital allocation initiatives.
According to Martin Kriegner, the Regional Head for Asia, Middle East, and Africa at Holcim, the company is pleased to have identified Huaxin Cement as a reliable buyer, capable of continuing the growth and development of Lafarge Africa PLC in the Nigerian market. The sale proceeds are set to enhance Holcim's financial capacity for future growth opportunities.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in Nigeria
The Nigerian construction industry has been experiencing robust growth due to an increasing demand for infrastructural development driven by urbanization and populat
Similar Deals
Huaxin Cement
invested in
Lafarge Africa PLC
in 2024
in a Buyout deal
Disclosed details
Transaction Size: $1,000M
Equity Value: $1,000M