Lafarge China launches tender offer for Shuangma Cement

Sichuan Shuangma Cement said its controlling shareholder Lafarge China plans to launch a tender offer for its shares from other shareholders except Lafarge Shui On (Sichuan) Investment for CNY5.64 each, or CNY1.07bn in total.

The tender offer is triggered by the merger between Lafarge and Holcim and is pending relevant approval.