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Holcim to sell its Nigerian business

Andy Brown Head of Content, Construction and Engagement

02 December 2024

Holcim, a global company that specialises in producing building solutions such as aggregates, cement, and concrete, has announced that it has reached an agreement to sell its Nigerian business.

Holcim sign (PHOTO: Holcim)

The company has signed an agreement with Huaxin Cement Ltd to sell its entire 83.81% shareholding in Lafarge Africa PLC, at an equity value of US$ 1 billion on a 100% basis.

The transaction is expected to close in 2025, subject to customary and regulatory approvals.

Holcim had sales in 2023 of CHF 27.0 billion (US$30.4 billion) and employs approximately 63,000 employees.

Holcim Lafarge Africa PLC Huaxin Cement Ltd transaction US$ shareholding sell its entire 83.81% shareholding in Lafarge Africa PLC transaction is expected to close in 2025
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