it was weighing the sales of its Middle East and African businesses, which accounted for 8% of its sales in 2022, when the group also divested out of Brazil, Zimbabwe and India.
"Afrimat gains leading national market share once Lafarge aggregates is combined with its own business giving cost efficiencies and some strategic new minerals needed in the cement blending market," he said in a note. The deal was about aggregates, and not cement, said Clark, but he added:"I'd closely watch the plans Afrimat has for cement."
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