Ashaka Cement to start 16MW power plant
Ashaka Cement Co is set to inaugurate a 16MW power plant project in Nigeria. Managing Director of Ashaka Cement, Rabiu Abdullah Umar, said the power plant costs US$30.5m. "We ar...
Ashaka Cement Plc
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Lafarge Africa buys out shareholders of Ashaka Cement
Lafarge Africa has bought out the minority shareholders of Ashaka Cement and issued 85.26m shares as part of a share exchange agreement, reports The Nation. The Nigerian cement ...
Ashaka Cement approves Lafarge Africa's acquisition deal
Shareholders of Ashaka Cement Plc have approved the complete acquisition of the company by Lafarge Africa, in a deal with a cash consideration of NGN604.092m (US$16.8m) and tota...
Ashaka Cement confirms delisting from NSE
Ashaka Cement Plc has formally notified its shareholders and the general public of its delisting from the Nigerian Stock Exchange (NSE).
Nigeria: Ashaka Cement to delist from NSE
LafargeHolcim subsidiary Ashaka Cement has said that it will voluntarily delist its shares from the Nigerian Stock Exchange (NSE) after the freely-tradable proportion fell below...
Nigeria: Ashaka building power plant
Management of Ashaka Cement Plc has concluded plans to build its own power plant due to concerns over an inadequate supply of electricity to power its operations. Alhaji Suleima...
Ashaka Cement pretax profit rises 84.5%
Nigeria's Ashaka Cement 2014 pretax profit rose 84.5 per cent to NGN5.25bn (US$26m) from year ago, the company said on Tuesday. Revenue declined by 2.58 per cent during the peri...
Ashaka board recommends Lafarge buy-out offer to minority shareholders
The board of directors of Ashaka Cement has advised minority shareholders to accept the buy-out mandatory tender offer (MTO) by Lafarge Africa.
Lafarge in Ashaka buy-out offer
Lafarge Africa has offered to buy out minority shareholders in Ashaka Cement Plc. The move follows the merger Lafarge Africa’s Nigerian and South Africa businesses, which receiv...
Ashaka nine-month net profit up 3% YoY
Ashaka Cement Plc nine-month results for the period ended 30 September 2014 showed revenue growth of three per cent YoY to NGN17.3bn (US$100.9m) profit after tax rose 103 per ce...