RSSFrench cement giant Lafarge has signed an agreement to acquire SOCAM Development Limited’s 45% stake in Lafarge Shui On Cement for €294 million (HK$2,553 million), subject to the completion of its merger with
With a total cement production capacity of 32 million tonnes in Southwest China, in the provinces of
Yunnan, Sichuan, Guizhou and Chongqing,
owned subsidiary of LafargeHolcim following completion of the merger project and this purchase.
This transaction is also subject to the approval of SOCAM shareholders.