Holcim Exits Nigeria: Sells Lafarge Africa Stake To Huaxin Cement For $1 Billion

Swiss construction giant Holcim AG announces the sale of its Nigerian operations to Huaxin Cement of China in a $1 billion deal. The agreement involves Holcim’s 83.81% stake in Lafarge Africa PLC, with completion expected in 2025, pending regulatory approval. This divestment aligns with Holcim’s strategy to streamline operations and focus on core markets, particularly … Continue reading Holcim Exits Nigeria: Sells Lafarge Africa Stake To Huaxin Cement For $1 Billion