• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Company News

MERGER: Lafarge South Africa, Ashaka Cement & Other Subsidiaries To Transfer Shares To Lafarge Wapco Nigeria

Nairametrics by Nairametrics
June 3, 2014
in Company News, Spotlight
Share on FacebookShare on TwitterShare on Linkedin

LAFARGE

Lafarge Group has announced its intention to transfer all of its shares in its businesses in Nigeria and South Africa into Lafarge Cement WAPCO Nigeria Plc (“Lafarge Wapco”). When finalized, Lafarge Cement WAPCO Nigeria Plc will be renamed Lafarge Africa Plc (“Lafarge Africa”) and will be strongly positioned to benefit from growth and development opportunities in Nigeria and Southern Africa. Lafarge Africa, owned 73% by Lafarge Group, will remain listed on the Nigerian Stock Exchange.
The  new entity will have nationwide coverage in both Nigeria and South Africa, with cement capacity of about 12 million tonnes, as well as operations in aggregates, ready-mix and fly ash. The strong operational track record and management skills within the combined businesses as well as continued support and expertise from Lafarge Group will position Lafarge Africa to offer a full range of value added solutions to meet customers’ needs.

Under the proposed terms, Lafarge Group will transfer its direct and indirect shareholdings in Lafarge South Africa Holdings (Pty) Limited (100.00% – representing 72.4% of underlying companies in South Africa), United Cement Company of Nigeria Limited (35.00%), Ashakacem Plc (58.61%) and Atlas Cement Company Limited (100.00%) to Lafarge Wapco. The transaction will be concluded through a cash consideration of US$200m and the issuance of 1,402,575,984 Lafarge Africa shares to Lafarge Group.

RelatedStories

AfreximBank approves $200 million finance facility to BUA Group for expansion projects 

Investment in manufacturing, Infrastructure will unlock Africa’s economic potential – Afreximbank 

March 21, 2025
Nigeria’s industrial sector contracts for the ninth consecutive month in September- CBN report 

Nigeria’s industrial sector contracts for the ninth consecutive month in September- CBN report 

October 5, 2024

According to Reuters, country chief executive officer said on Tuesday. Guillaume Roux said the deal, worth $1.35 billion, will see the Lafarge group get $200 million in cash and 1.4 billion new shares in Lafarge Wapco to effect the merger.

The new company, Lafarge Africa Plc, will have a market capitalisation of more than $3 billion and will be listed on the Nigerian Stock Exchange, Roux told a news conference. Lafarge group will own 73 percent of the combined entity. The combined company would seek to boost capacity by 5.5 million tonnes to 17.5 million tonnes after the merger.
The transaction is subject to Lafarge Wapco shareholder approvals and obtaining required regulatory and other customary authorizations. The Group anticipates completion during H2 2014.

Lafarge Wapco shares was basically flat today.

Tags: ManufacturingNews Review
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

AfreximBank approves $200 million finance facility to BUA Group for expansion projects 
Economy

Investment in manufacturing, Infrastructure will unlock Africa’s economic potential – Afreximbank 

March 21, 2025
Nigeria’s industrial sector contracts for the ninth consecutive month in September- CBN report 
Business News

Nigeria’s industrial sector contracts for the ninth consecutive month in September- CBN report 

October 5, 2024
manufacturing sector
Economy

Top 10 sectors that paid the most CIT in Nigeria in Q2 2024 

September 9, 2024
MAN, P&G
Manufacturing

Nigerian Manufacturers say 1,475 basis point rise in interest rate since 2022 leads to inflation 

July 25, 2024
company Income Tax (CIT)
Economy

Companies pay less tax in the first quarter of 2024 as economy worsens 

June 21, 2024
Highest-paying sectors in Nigeria as of 2023
Economy

Five largest sectors in the Nigerian economy as of Q1 2024

May 29, 2024
Next Post

These Are The Top Stockbrokers For May 2014

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • Lagos Govt impounds over 10 trucks above 9 tonnes for violating Third Mainland Bridge ban 
  • Liquidity surge from FAAC raises inflation concerns – Cardoso
  • US imports $1.34 billion Nigerian crude oil in five months despite Trump tariffs

Follow us on social media:

Recent News

LASTMA deploys advanced tow trucks for smooth traffic on Lekki-Ajah as Dangote Refinery commences petrol distribution

Lagos Govt impounds over 10 trucks above 9 tonnes for violating Third Mainland Bridge ban 

July 20, 2025
CBN Governor Yemi Cardoso to be honoured at Nairametrics Capital Market Awards for monetary policy reforms and banking sector recapitalization 

Liquidity surge from FAAC raises inflation concerns – Cardoso

July 20, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics