Holcim selling business in Nigeria to Chinese cement group

The Swiss cement manufacturer Holcim wants to sell its shares in the Nigeria-based Lafarge Africa PLC Group to the Chinese cement manufacturer Huaxin Cement. The sale price is one billion dollars on a 100 percent basis. According to an agreement announced on Sunday, the Chinese Group will take over Holcim's stake of 83.81%. + Swiss multinationals: global heavyweights in high-risk sectors The transaction is expected to be completed in 2025. Lafarge Africa PL specialises in the production and distribution of cement.