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- Lafarge Africa Plc notified The Nigerian Stock Exchange that Nigerian Cement Holdings B.V. (NCH), a 50% affiliate of Large Africa Plc, has completed the acquisition of the second and final tranche of 15% of equity interest of Flour Mills of Nigeria Cement Industries in UNICEM.
- The company in March acquired first 15% tranche stake in UNICEM, bringing NCH’s stake in UNICEM to 85%, NCH.
- Accordingly, NCH now owns 100% of UNICEM and consequently Lafarge Africa Plc now owns 50% of the equity of UNICEM.
- Lafarge Africa stated that UNICEM’s operational office is located in Calabar and its manufacturing plant in Mfamosing, Cross Rivers State.
- It currently has a cement production capacity of 2.5Mtpa and is developing a second production line of 2.5Mtpa. The second production line is targeted to be commissioned in 2016 to bring UNICEM’s total production capacity to 5.0Mtpa.
Keystone Bank seeks approval to sell 66.54% KBL Insurance stake
