Holcim has completed the divestment of its entire 83.81% shareholding in Lafarge Africa Plc to Huaxin Cement at an equity value of USD 1 billion on a 100% basis before dividend adjustments, effective August 29, 2025.

According to the Share Purchase Agreement (SPA), Huaxin must launch a Mandatory Takeover Offer (MTO) to remaining minority shareholders by 2026. The MTO is expected to be concluded within one year.

Huaxin disclosed that the deal value was revised downward to reflect dividend payments made by Lafarge to shareholders between January 1 and August 29.

Huaxin further indicated it will launch the MTO at ₦93 per share for the remaining 16.19% stake in Lafarge.