Holcim Agrees to Divest Nigerian Assets to Huaxin Cement

Holcim has announced a definitive agreement to sell its entire 83.81% stake in Lafarge Africa PLC to Huaxin Cement Ltd. The equity value of this transaction is estimated at USD 1 billion, assuming a full 100% ownership. Completion of the sale is anticipated in 2025, contingent upon obtaining customary and regulatory approvals. This move underscores Holcim's ongoing strategy to refine its asset base and focus on core operations.

Holcim is recognized as a leader in sustainable building solutions, boasting net sales of CHF 27.0 billion in 2023. The company's workforce of over 63,000 is committed to delivering innovative solutions tailored to advancing global living standards. Through diverse offerings, including sustainable materials and advanced roofing systems, Holcim aims to foster progress for people and the planet.