Announced
Financials
Tags
Cross Border
Acquisition
Zambia
Malawi
Cement
Majority
Pending
Private
Single Bidder
Friendly
cement
Synopsis
Huaxin Cement, a building materials manufacturer and distributor, to acquire a 75% stake in Zambia and Malawi businesses of Lafarge, a French industrial company producing cement, construction aggregates and concrete, for $160m. The deal, which is still subject to approval by authorities, would give Wuhan, central Hubei province-based Huaxin an additional output of 1.75 million tons of cement a year in the two countries. It can further increase cement production through the limestone resources the two firms own.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.