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New Deal


Announced

Fossil Mines to acquire a 76.45% stake in Lafarge Cement Zimbabwe from Lafarge.

Financials

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Transaction Value£58m
Consideration TypeCash
Capital Owned-
Capital Bid For76%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Majority

Friendly

building equipment

Pending

Domestic

Private

Acquisition

Single Bidder

Zimbabwe

Cement

Synopsis

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Fossil Mines, a resource company, agreed to acquire a 76.45% stake in Lafarge Cement Zimbabwe, a Building equipment hire service, from Lafarge, a company specialising in cement, construction aggregates, and concrete. Financial terms are not disclosed.

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