Lafarge Africa posts 5% net sales increase
Lafarge Africa has recorded a five per cent increase in net sales for the 3Q18 period, rising to NGN72bn (US$198.3m) from NGN68.8bn. In the 9M18, net sales again advanced five p...
Lafarge Africa
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Lafarge Africa receives shareholder approval for NGN90bn rights issue
Lafarge Africa has received shareholder approval to raise NGN90bn (US$246.93m) of capital through a rights issue and to restructure its short-term shareholder loan. “The additio...
Investors urged to finance Dangote and Lafarge Africa growth
Following last month's approval of a NGN9.1trn (US$25bn) budget for 2018, Nigeria is set to go on a massive infrastructure spending spree. Eager to be at the forefront of cement...
Investors urged to finance Dangote and Lafarge Africa growth
Following last month's approval of a NGN9.1trn (US$25bn) budget for 2018, Nigeria is set to go on a massive infrastructure spending spree. Eager to be at the forefront of cement...
Lafarge Africa to sell SA unit?
Lafarge Africa could put up its South African unit for sale, according to analysts at Exotix Capital. Proceeds of the sale could then be used to strategically shore up and stabi...
Lafarge Africa to cut debt by US$270m
Lafarge Africa will use some of the funds raised by a NGN131.6bn (US$415m) rights issue to cut debt by US$270m, as reported by Reuters.
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 ...
Lafarge Africa receive shareholders endorsement for merger
Lafarge Africa have received the shareholders endorsement for a merger with Unicem and Atlas Cement Company Ltd, according to Nigerian newspaper The Guardian.
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...
Lafarge Africa and COREN develop Nigeria's first concrete manual
Lafarge Africa Plc is set to partner Council for the Regulation of Engineering in Nigeria (COREN) in the research and development of Nigeria’s first concrete mix design manual.