Responsive Image Banner

Read this article in 中文 Français Deutsch Italiano Português Español

Holcim sells off another of its businesses

Andy Brown Head of Content, Construction and Engagement

01 September 2025

Holcim has completed the divestment of its Nigerian business, selling its entire 83.81% shareholding in Lafarge Africa PLC to Huaxin Cement at an equity value of US$1 billion on a 100% basis before dividend adjustments.

“We are pleased to have found in Huaxin Cement a trusted buyer that is committed to further developing the business in Nigeria,” said Martin Kriegner, regional head Asia, Middle East & Africa.

“At the same time, the sale proceeds give Holcim additional capacity for our growth-focused capital allocation. We wish Lafarge Africa PLC and Huaxin Cement continued success.”

Holcim has been selling off a number of its businesses in recent years.

At the end of 2024 it closed the divestment of its business in Kenya through a sale to Amsons Group of its entire 58.6% stake in Bamburi Cement Limited and in 2023 sold its businesses in Uganda and Tanzani. 

Huaxin Cement Holcim Lafarge Africa PLC divestment sale proceeds growth-focused capital allocation Sale of business in Nigeria Divestment of its business in Kenya Martin Kriegner Nigeria Kenya
You have read 1 of 4 complimentary articles this month. To gain further access to the latest industry news please either Log in or Register for FREE!
STAY CONNECTED

Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

Longer reads
Down and changing: ICm20 crane manufacturer ranking
A decline in 2025 but perhaps smaller than might have been expected
Seven construction technology trends for 2026
Experts say mixed-fleet data, real-time intelligence and autonomous machines will reshape project planning and field execution
Electrifying change
Can there be a pain-free approach to powering the next generation of construction equipment?
CONNECT WITH THE TEAM
Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: [email protected]
Neil Gerrard Senior Editor, Editorial, UK - Wadhurst Tel: +44 (0) 7355 092 771 E-mail: [email protected]
Eleanor Shefford Brand Manager Tel: +44 (0) 1892 786 236 E-mail: [email protected]
Peter Collinson International Sales Manager Tel: +44 (0) 1892 786220 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA

Electrifying change

NEW ARTICLE

Off-Highway Research highlights steady progress in electrification, with market penetration at 0.8% and forecast to more than triple to over 3% by 2028. Nate Keller of Moog shares how hybrid innovation could accelerate this shift in the decade ahead.

Read now