lafarge south africa sale

Lafarge completes sale of South African subsidiary to ...

Lafarge Africa Plc has completed the sale of South African operations for $317 million to Caricement B.V, an indirect subsidiary of Lafarge Holcim Limited. Lafarge Africa The proceeds will be used ...

Lafarge Africa shareholders approve sales subsidiary for ...

Lafarge Africa shareholders approve sale of South Africa subsidiary for $316m By Chinyere Joel Nwokeoma Shareholders of Lafarge Africa Plc on Monday unanimously approved the proposed sale of Lafarge South Africa Holding Limited (LSAH) to LafargeHolcim Group for 316.2 million dollars. They gave the approval at the company's 60th Annual General Meeting (AGM) in Lagos.

Sale of Lafarge Africa's SA unit may be on cards, say ...

Jan 05, 2018· JOHANNESBURG - Cement maker Lafarge Africa could put up its South African unit for sale this year and potentially use the proceeds to strategically …

Lafarge approves the sale of its South African Subsidiary ...

Jul 23, 2019· The shareholders of Lafarge Africa Plc have collectively approved the proposed sale of Lafarge South Africa Holding Limited (LSAH) to LafargeHolcim Group for the sum of $316.2 million.. The approval was reportedly announced at the company's Annual General Meeting (AGM) which happened in Lagos on Monday. Speaking on the approval of the proposed sale of its South African …

Lafarge to sell equity holding in South Africa ...

Lafarge Africa Plc on Wednesday proposed to sell off its 100 per cent equity in Lafarge South Africa Holdings Limited (LSAH). Consequently, the company notified its shareholders of the proposed related party transactions with Caricement B.V, a subsidiary of Lafargeholcim limited, pursuant to the ...

Lafarge gains N115bn from sale of S'African subsidiary ...

2 · Lafarge Africa Plc has gained N115.08bn ($316.29m) as a result of its divestment from its South African subsidiary. The company said the South African subsidiary, Lafarge South Africa Holdings ...

Lafarge Africa Shareholders Approve Sale Of South Africa ...

Shareholders of Lafarge Africa Plc on Monday unanimously approved the proposed sale of Lafarge South Africa Holding Limited (LSAH) to LafargeHolcim Group for 316.2 million dollars. They gave the approval at the company's 60th Annual General Meeting (AGM) in Lagos. Speaking at the meeting, Mr Mobolaji Balogun, the company's Chairman, said that LSAH sale would […]

Lafarge Africa: Shareholders approve sales subsidiary at $316m

Shareholders of Lafarge Africa Plc on Monday unanimously approved the proposed sale of Lafarge South Africa Holding Limited (LSAH) to LafargeHolcim Group for 316.2 million dollars. They gave the approval at the company's 60th Annual General Meeting (AGM) in Lagos. Speaking at the meeting, Mr Mobolaji Balogun, the

Lafarge Africa approves the sale of its South African ...

NIGERIA – Lafarge Africa Plc, a pan African cement manufacturer headquartered in Nigeria is set to offload Lafarge South Africa Holding Limited (LSAH)to LafargeHolcim Group for the sum of US$316.2 million. This follows the shareholder's approval of

Lafarge sells South African subsidiary - Premium Times Nigeria

Lafarge Africa Plc on Wednesday announced the sale of its South African subsidiary, Lafarge South Africa Holdings (LSAH). A disclosure sent to the Nigerian Stock Exchange Wednesday said the ...

Lafarge Africa shareholders approve sales subsidiary for ...

Jul 22, 2019· Shareholders of Lafarge Africa Plc on Monday unanimously approved the proposed sale of Lafarge South Africa Holding Limited (LSAH) to LafargeHolcim Group for 316.2 million dollars. Speaking at the ...

Lafarge Africa finalises the sale of Lafarge South Africa ...

Aug 01, 2019· A Nigerian cement company, Lafarge Africa, has concluded the transaction for the divestment of its subsidiary in South Africa, Lafarge South Africa Holdings.The decision to offload the subsidiary was approved last month by the company's shareholders. Lafarge Africa finalised the sale with an exchange of documents, as specified in the Share Purchase Agreement after a closing …

Lafarge To Sell S'Africa Operation For $316m | Leadership ...

Jun 23, 2019· Lafarge To Sell S'Africa Operation For $316m By OLUSHOLA ‎BELLO, Lagos Lafarge Africa Plc has announced the sale of its South African subsidiary with consideration being all …

Lafarge set to sell South African subsidiary | Talk of Naija

Lafarge Africa Plc says it will sell South African operations for $317 million to pay-off a related-party loan, amounting to $293 million. Lafarge, in a corporate filing on Wednesday, said the transaction will be with Caricement B.V, an indirect subsidiary of Lafarge Holcim Limited.

Updated: Lafarge Africa sells South African subsidiary to ...

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. The sale is expected to extinguish the company's foreign currency debt, bolster cashflow, and underpin profitability.

LafargeHolcim: Building materials, cement, aggregates ...

LafargeHolcim is the leading global building products & solutions company serving masons, builders, architects & engineers worldwide. Our cement, aggregates & ready-mix concrete are used in a wide range of building projects.

Lafarge Africa Shareholders Approve Sales Subsidiary For ...

Shareholders of Lafarge Africa Plc yesterday unanimously approved the proposed sale of Lafarge South Africa Holding Limited (LSAH) to LafargeHolcim Group...

Africa: 'Sale of Lafarge Africa's SA Unit May Be On Cards ...

Cement maker Lafarge Africa could put up its South African unit for sale this year and potentially use the proceeds to strategically shore up and stabilise its Nigerian business, experts have said ...

Brand Icon Image: Lafarge Gains N115bn from Sale of South ...

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Lafarge sells South African subsidiary - XtremeNews9ja.com

Aug 01, 2019· Lafarge Africa Plc on Wednesday announced the sale of its South African subsidiary, Lafarge South Africa Holdings (LSAH).. A disclosure sent to the Nigerian Stock Exchange Wednesday said the decision followed approval by shareholders at the 60th Annual General Meeting of the Company held on Monday, July 22nd.

Lafarge Africa records N3.15bn PAT in Q1 2019 - Brand Spur

Jun 19, 2019· The Proposed Sale is expected to enhance the value of shareholders' investments in Lafarge Africa. The proceeds of the Proposed Sale (US$317m) will be used to completely extinguish Lafarge Africa's shareholder loan of US$293 million as of July 31, 2019, and related interest due.

Stakeholders call for forensic audit of Lafarge Africa

Under the proposed sale, LafargeHolcim agreed to take over 100 per cent equity stake of Lafarge Africa in LSAH in exchange for a set-off of all the outstanding amounts due by Lafarge Africa to ...

Products | Lafarge in South Africa - Cement, concrete ...

Lafarge Cement was the first manufacturer in South Africa to offer a full range of "environmentally-friendly" extended cements incorporating fly ash and achieve a …

Lafarge to sell South Africa subsidiary for $316.3m ...

Lafarge Africa Plc has announced the proposed sale of 100 per cent of the issued share capital in Lafarge South Africa Holdings Limited to Caricement B.V, a subsidiary of LafargeHolcim. The firm ...

Lafarge Africa Shareholders Approve Sales Subsidiary For ...

Jul 23, 2019· Lafarge Africa Shareholders Approve Sales Subsidiary For $316m Shareholders of Lafarge Africa Plc yesterday unanimously approved the proposed sale of Lafarge South Africa Holding Limited (LSAH) to ...

Lafarge in South Africa - Cement, concrete, aggregates

Lafarge South Africa - A leading building solutions provider offering the construction industry an extensive range of quality through Cement, Aggregates and Concrete.

Lafarge awaits regulatory, shareholders' approval on sale ...

Lafarge Africa Plc has disclosed that it is still awaiting regulatory and shareholders' approval to conclude the proposed sale of its South African subsidiary. The company said it has signed an ...

Lafarge sells South African subsidiary | EJESGIST | Top ...

Lafarge Africa Plc on Wednesday announced the sale of its South African subsidiary, Lafarge South Africa Holdings (LSAH). A disclosure sent to the Nigerian Stock Exchange Wednesday said the decision followed approval by shareholders at the 60th Annual General Meeting of the Company held on Monday, July 22nd. The disclosure, signed by Adewunmi Alode, the […]

Lafarge Africa shareholders approve sale of South Africa ...

Shareholders of Lafarge Africa Plc on Monday unanimously approved the proposed sale of Lafarge South Africa Holding Limited (LSAH) to LafargeHolcim Group for 316.2 million dollars. They gave the approval at the company's 60th Annual General Meeting (AGM) in Lagos. Speaking at the meeting, Mr Mobolaji Balogun, the company's Chairman, said that LSAH sale would […]

Strong profitability improvement in Q1 2019 | Lafarge ...

The Proposed Sale is expected to enhance the value of shareholders' investments in Lafarge Africa. The proceeds of the Proposed Sale (US$317m) will be used to completely extinguish Lafarge Africa's shareholder loan of US$293 million as at July 31, 2019, and related interest due. This full repayment of the shareholder loan will protect and ...

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