Lafarge Africa rises to 3-week high after it sells South African unit
Lafarge Africa Plc has reached an agreement to sell the 100 percent equity interest held by the Company in Lafarge South Africa Holdings (Pty) Limited (LSAH) to Caricement B.V. (“Caricement”), an indirect subsidiary of LafargeHolcim Limited for $316 million. This will lead to the total repayment of the Inter-Group Loans owed to LafargeHolcim by Lafarge.
LAGOS (Reuters) – Shares of Lafarge Africa rose 9.95% to a three-week high on Thursday after the cement maker said it had sold its loss-making South African operations.
The stock of the local unit of Franco-Swiss group Lafarge Holcim listed in Lagos, climbed to 10.50 naira, outperforming the weaker Nigerian All Share Index down 0.02%.
Sources de l’article : Businessday.ng & Reuters