Swiss cement giant Holcim, the majority shareholder in Lafarge Africa, has announced plans to divest its 83.8% stake in the company to Chinese cement manufacturer Huaxin Cement Company. The deal, revealed on December 1, values Lafarge Africa at $1 billion and is expected to grant Huaxin full ownership of the Nigerian cement producer upon completion. … Continue reading Holcim to Sell 83.8% Stake in Lafarge Africa to China’s Huaxin Cement