01 Dec 2024 KMW advises Huaxin Cement on acquisition of Lafarge Africa
Our firm advises Huaxin Cement Co. Ltd on the acquisition of Lafarge Africa Plc from Holcim Group, a multinational company listed on the Swiss Stock Exchange. Lafarge Africa is one of Nigeria’s largest cement businesses, with its shares traded on the Nigerian Stock Exchange.
Upon completion of the transaction, Huaxin Cement, listed on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange, will acquire a combined 83.81% shareholding in Lafarge Africa through the ownership of Caricement B.V. and another legal entity. This transaction values Lafarge Africa at an equity value of USD 1 billion on a 100% basis.