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Holcim sells off another of its businesses
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.
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