Holcim to Divest Majority Stake in Lafarge Africa PLC to Huaxin Cement Ltd

Holcim to Divest Majority Stake in Lafarge Africa PLC to Huaxin Cement Ltd

(IN BRIEF) Holcim has agreed to sell its 83.81% stake in Lafarge Africa PLC to Huaxin Cement Ltd for an equity value of USD 1 billion. The transaction, aimed at streamlining Holcim’s portfolio, is expected to close in 2025, pending regulatory approvals.

(PRESS RELEASE) ZUG, 2-Dec-2024 — /EuropaWire/ — In a significant development, Holcim has reached an agreement to sell its 83.81% stake in Lafarge Africa PLC to Huaxin Cement Ltd. The deal values the equity of Lafarge Africa at USD 1 billion on a 100% basis, marking a substantial transaction in the construction materials sector.

The sale is part of Holcim’s strategic efforts to streamline its portfolio and focus on core growth areas. This agreement underscores the confidence in Huaxin Cement Ltd.’s ability to drive the next phase of growth for Lafarge Africa.

Completion of the transaction is anticipated in 2025, pending customary regulatory reviews and approvals. Holcim’s decision reflects its commitment to aligning operations with its long-term business objectives while ensuring a smooth transition of ownership for Lafarge Africa’s stakeholders.

About Holcim

Holcim is a global leader in innovative and sustainable building solutions with net sales of CHF 27.0 billion in 2023. Our 63,448 employees are driven by our purpose to build progress for people and the planet across our regions to improve living standards for all. We partner with our customers to offer the broadest range of advanced solutions, from sustainable building materials ECOPact and ECOPlanet, to our circular technology ECOCycle®, all the way to Elevate’s advanced roofing and insulation systems.

Learn more about Holcim on  www.holcim.com , and by following us on LinkedIn.

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Important disclaimer – forward-looking statements:

This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although Holcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Holcim, including but not limited to the risks described in the Holcim’s annual report available on its website (www.holcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. Holcim does not undertake to provide updates of these forward-looking statements.

Media Contacts:

Media Relations:
Phone: ​+41 (0) 58 858 87 10
Email: media@holcim.com

Investor Relations:
Phone: +41 (0) 58 858 87 87
Email: investor.relations@holcim.com

SOURCE: HOLCIM

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