Lafarge Africa completes consolidation process

Lafarge Africa Plc, formerly Lafarge Cement Wapco Nigeria Plc, has announced the completion of its acquisition of the Lafarge group’s shareholdings in Lafarge South Africa Holdings and United Cement Co of Nigeria.

Guillaume Roux, Lafarge Africa Group Chief Executive Officer, told reporters in Lagos yesterday that the company had received all shareholder and regulator approvals and met all the necessary requirements to form the merged company comprising Lafarge’s South Africa and Nigerian interests.

Commenting on the completion, Chairman, Lafarge Africa, Chief Olusegun Osunkeye, said: “Lafarge Africa enters an exciting new chapter, today. We thank our shareholders for their overwhelming support and the Nigerian regulators whose approval has gotten us to the completion of this landmark transaction. I am confident that Lafarge Africa Plc will go from stride to stride to continue to be the backbone of building better cities in Africa.”