Holcim says that it has finalised the sale of Lafarge Africa, offloading its entire 83.81% stake in Lafarge Africa Plc to China’s Huaxin Cement. The deal, valued at $1 billion on a 100 percent equity basis before dividend adjustments, marks Holcim’s exit from Nigeria.
Martin Kriegner, Regiona
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David Olujinmi
David Olujinmi is a financial journalist, with a knack for reporting and analysing the capital markets. He has experience in reporting the Nigerian and African financial scene.
With a Bsc in Chemical Engineering from the Obafemi Awolowo University, he has a significant grasp of numbers that has aided his understanding of the financial context.
