Holcim Lafarge sale ups Chinese ownership of African cement market

<p><img src="https://biz-file.com/c/2412/759686-208x117.jpg?5" width="208" height="117" alt="Rail carriages are pictured at the Siggenthal plant of cement maker Holcim in Wurenlingen near Zurich, Switzerland. Source: Reuters/Denis Balibouse" align="left"><br><span >Rail carriages are pictured at the Siggenthal plant of cement maker Holcim in Wurenlingen near Zurich, Switzerland. Source: Reuters/Denis Balibouse&lt;/span><p>Swiss cement maker Holcim will exit its Nigerian business through the sale of its almost 84% stake in Lafarge Africa to China's Huaxin Cement in a $1bn deal, it said on Sunday. The deal aligns with Holcim's strategy to streamline its portfolio and focus on high-growth regions, including the coming spin-off of its North American business, which remains on track for a US listing in the first half of 2025.</p><br> <a href="https://www.bizcommunity.com/article/holcim-lafarge-sale-up-chinese-ownership-of-african-cement-market-366148a">Read more...</a> | <a href="https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=253923">Send to a friend</a></p><div style="clear:left"></div>