Huaxin Cement, the acquirer of Holcim’s 83.8 percent stake in Lafarge Africa, will pay $773.86 million, a figure that represents only 66 percent of the company’s current market valuation of $1.17 billion.
In its disclosure, Huaxin explained that the original purchase price of $838.8 million w
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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.
