Lafarge Africa will acquire another 50% stake held by Egyptian Cement Holdings (ECH) in United Cement Company of Nigeria (Unicem). ECH is an entity jointly owned by Lafarge Africa and LafargeHolcim Group. Lafarge Africa will buy the shares from Holcibel through which LafargeHolcim's stake in ECH is held. Apart from that, the issue of 413.18 million ordinary shares of Lafarge Africa as full consideration for the acquisition has been approved by the board of directors.
Lafarge Africa will acquire another 50% stake held by Egyptian Cement Holdings (ECH) in United Cement Company of Nigeria ( Unicem).
ECH is an entity jointly owned by Lafarge Africa and LafargeHolcim Group.
Lafarge Africa will buy the shares from Holcibel through which LafargeHolcim’s stake in ECH is held.
Apart from that, the issue of 413.18 million ordinary shares of Lafarge Africa as full consideration for the acquisition has been approved by the board of directors.
