Lafarge - December 2014

Lafarge Africa is offering to buy out the 41.39 per cent minority in Ashaka Cement. Lafarge Africa is obliged to make the offer as it has become the new majority shareholder in Ashaka Cement following the September merger of Lafarge Cement WAPCO Nigeria and Lafarge Industries South Africa. The offer is 57 Lafarge Africa shares for every 202 shares held plus NGN2 in cash and has been recommended by the board of Ashaka Cement.

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