Full acquisition of UNICEM completed by Nigerian Cement Holdings

The 100% acquisition of United Cement Company of Nigeria (UNICEM) has been completed by Nigerian Cement Holdings (Nigerian Cement), a Lafarge Africa affiliate. Nigerian Cement held a 70% stake in UNICEM before agreeing a deal in November 2014 to acquire the remaining 30% stake. Nigerian Cement has bought the remaining shares from Flour Mills. Lafarge Africa has not revealed the purchase price.
October 6, 2015 Read time: 1 min

The 100% acquisition of United Cement Company of Nigeria (1850 UNICEM) has been completed by Nigerian Cement Holdings (Nigerian Cement), a 725 Lafarge Africa affiliate. Nigerian Cement held a 70% stake in UNICEM before agreeing a deal in November 2014 to acquire the remaining 30% stake. Nigerian Cement has bought the remaining shares from Flour Mills. Lafarge Africa has not revealed the purchase price.

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