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Home Industries Company News

Deal: Lafarge board approves merger with UNICEM and ATLAS Cement

Nairametrics by Nairametrics
February 10, 2018
in Company News, Corporate deals, Corporate Press Releases
Alert: Lafarge Africa Reports 38% Drop In Profit (2016 FY)
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The board of directors of Lafarge Africa has approved the commencement of a merger with United Cement Company (UNICEM) and Atlas Cement Company (ATLAS).

This was contained in a press release published on the website of the Nigerian Stock Exchange in Friday,  4th of August 2017.

Lafarge owns 100% stake in both UNICEM and ATLAS, with the ATLAS holding carried at cost at a valuation of about N2 billion.

Lafarge Africa recently concluded the merger and de-listing of Ashaka Cement, which it acquired a few years back in a cash plus equity deal valued at over N58 billion.

See press release below;

Download (PDF, 57KB)

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Tags: Atlaslafarge africaMergersUnicem

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