Lafarge’s Zambia branch floats more shares

Lafarge’s Zambian branch has floated more shares on the stock market, increasing its floating capital to 25%. The French construction materials group received 25.1 million offers for 18.1 million shares in its Zambia operation. Following the move, the parent group will see its stake in the Zambian subsidiary decline to 77.37%. Lafarge Zambia is valued at €622.26 million.
July 3, 2014 Read time: 1 min

725 Lafarge’s Zambian branch has floated more shares on the stock market, increasing its floating capital to 25%. The French construction materials group received 25.1 million offers for 18.1 million shares in its Zambia operation. Following the move, the parent group will see its stake in the Zambian subsidiary decline to 77.37%. Lafarge Zambia is valued at €622.26 million.

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