At a glance
- Holcim sold its 83.81% share in Lafarge Africa to Huaxin Cement.
- The transaction was valued at USD 1 billion on a 100% equity basis.
- The sale enhances Holcim's growth-focused capital allocation.
Transaction Overview
Holcim has finalized the divestment of its Nigeria business by selling its 83.81% shareholding in Lafarge Africa PLC to Huaxin Cement. The transaction was valued at USD 1 billion on a 100% equity basis before dividend adjustments.
Strategic Implications
The sale provides Holcim with additional capacity for growth-focused capital allocation. Martin Kriegner, Regional Head Asia, Middle East & Africa, expressed satisfaction with Huaxin Cement as a trusted buyer committed to developing the business in Nigeria.
