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LequteMan
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Lafarge Group yesterday traded its 58.61 per cent shareholding in Ashaka Cement Plc to Lafarge Africa Plc, yesterday THISDAY reports.
Excerpt:
Following the merger with its sister company in South Africa, Lafarge Group yesterday traded its 58.61 per cent shareholding in Ashaka Cement Plc to Lafarge Africa Plc.
The transaction gives effect to part of the resolutions that were passed by the shareholders of Lafarge Africa Plc at the company’s annual general meeting held in Lagos recently.
The deal also marks another critical step in the Lafarge Africa consolidation transaction. Further announcements are expected to be made when milestones in respect of other key elements of the shareholder resolutions are reached.
The company had on July 9, 2014, received overwhelming shareholders’ approval to consolidate its cement businesses in Nigeria with Lafarge South African operations to create a leading sub-Saharan building materials giant to be known as Lafarge Africa Plc.
click here to read more
#Lafarge #Africa #Ashaka #Cement
Excerpt:
Following the merger with its sister company in South Africa, Lafarge Group yesterday traded its 58.61 per cent shareholding in Ashaka Cement Plc to Lafarge Africa Plc.
The transaction gives effect to part of the resolutions that were passed by the shareholders of Lafarge Africa Plc at the company’s annual general meeting held in Lagos recently.
The deal also marks another critical step in the Lafarge Africa consolidation transaction. Further announcements are expected to be made when milestones in respect of other key elements of the shareholder resolutions are reached.
The company had on July 9, 2014, received overwhelming shareholders’ approval to consolidate its cement businesses in Nigeria with Lafarge South African operations to create a leading sub-Saharan building materials giant to be known as Lafarge Africa Plc.
click here to read more
#Lafarge #Africa #Ashaka #Cement
