Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Chinese firm Huaxin Cement acquires stake in Nigerian Lafarge Africa for $1 billion, set to close in 2025.

flag Chinese firm Huaxin Cement will acquire a significant stake in Nigerian cement company Lafarge Africa for about $1 billion, with the deal expected to close in 2025. flag This transaction will allow Huaxin to expand into Nigeria's cement market while Swiss firm Holcim divests to focus on core markets. flag Lafarge Africa, one of Nigeria's largest cement producers with a capacity of 10.5 million tonnes annually, saw a 9% increase in net sales last year but a 4.7% drop in profits.

3 Articles