Holcim has agreed to sell its 83.81% stake in Lafarge Africa PLC to Huaxin Cement Ltd for USD 1 billion, expected to close in 2025 pending regulatory approvals.
Information on the Target
Holcim has entered into a definitive agreement to divest its 83.81% stake in Lafarge Africa PLC to Huaxin Cement Ltd for an equity value of USD 1 billion on a 100% basis. The deal is anticipated to be finalized in 2025, pending the necessary regulatory and customary approvals.
Lafarge Africa PLC, a prominent player in the Nigerian cement sector, is essential to the country’s infrastructure development. The sale reflects Holcim's strategic shift towards focusing on more profitable regions and consolidating its position as a leading global provider of sustainable building materials.
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Industry Overview in Nigeria
The Nigerian cement industry has shown remarkable resilience despite prevailing economic conditions. With a burgeoning population and urbanization efforts, the demand for
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Disclosed details
Transaction Size: $1,000M
Equity Value: $1,000M