Holcim Sells Nigerian Business to Huaxin Cement for $1 Billion

📆 01/12/2024 22:25:00
📰 thecableng

⏱ Reading Time:
16 sec. here
8 min. at publisher
📊 Quality Score:
News: 31%
Publisher: 80%

Business Nouvelles

Holcim,Lafarge Africa,Huaxin Cement

Holcim, a Swiss building materials company, has agreed to sell its 83.81% stake in Lafarge Africa to Huaxin Cement Ltd. for $1 billion, reflecting a strategic decision to refocus its global priorities.

Holcim, a Swiss building materials company, has agreed to sell its Nigerian business to Huaxin Cement Ltd., a Chinese firm. The deal, worth $1 billion, involves Holcim’s 83.81% stake in Lafarge Africa, according to a recent statement.

Lafarge Africa Plc, a part of the Holcim Group and a manufacturer of roofing and other construction materials, such as cement, aggregates, and ready-mix concrete, will now see ownership change due to Holcim’s decision to refocus its global corporate priorities and adapt to economic trends in Nigeria

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Écrire un Commentaire

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Unknown company near us blends, sells substandard products — Dangote Refinery allegesDangote Refinery has alleged that an international trading company recently acquired a depot for blending and selling substandard products in Nigeria.
La source: DailyPostNGR - 🏆 11. / 59 Lire la suite »