The acquisition of 1.312 billion shares in Ashaka Cement has been completed by Lafarge Africa, according to the Nigerian Stock Exchange. The US$190.23 million (NGN 30.95 billion) deal is part of the ongoing merger of Lafarge Group’s South African and Nigerian assets. The deal was executed as an off-market trade. The seller of the Ashaka Cement shares are Lafarge Nigeria (United Kingdom).
The acquisition of 1.312 billion shares in Ashaka Cement has been completed by Lafarge Africa, according to the Nigerian Stock Exchange.
The US$190.23 million (NGN 30.95 billion) deal is part of the ongoing merger of Lafarge Group’s South African and Nigerian assets. The deal was executed as an off-market trade. The seller of the Ashaka Cement shares are Lafarge Nigeria (United Kingdom).
