Lafarge Africa acquire 1.312bn Ashaka Cement shares

The acquisition of 1.312 billion shares in Ashaka Cement has been completed by Lafarge Africa, according to the Nigerian Stock Exchange. The US$190.23 million (NGN 30.95 billion) deal is part of the ongoing merger of Lafarge Group’s South African and Nigerian assets. The deal was executed as an off-market trade. The seller of the Ashaka Cement shares are Lafarge Nigeria (United Kingdom).
September 10, 2014 Read time: 1 min

The acquisition of 1.312 billion shares in Ashaka Cement has been completed by 725 Lafarge Africa, according to the Nigerian Stock Exchange.

The US$190.23 million (NGN 30.95 billion) deal is part of the ongoing merger of Lafarge Group’s South African and Nigerian assets. The deal was executed as an off-market trade. The seller of the Ashaka Cement shares are Lafarge Nigeria (United Kingdom).

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