Lafarge Africa to sell its South Africa business to Caricement for US$317m

Business News

South Africa: Lafarge Africa has agreed to sell its full stake in Lafarge South Africa business to Caricement for US$317m. 

The deal is expected to complete in the third quarter of 2019 subject to regulatory approval. 

Proceeds from the transaction will be used to pay off Lafarge Africa’s shareholder loan of US$293m.

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