[Original] Lafarge Increases Stake in India and Nigeria

2015-01-23 16:25:47

Lafarge Africa has reportedly offered to buy a stake in Ashaka Cement in Nigeria. The move was warmly supported by some shareholders of the company.

   Lafarge Africa has reportedly offered to buy a stake in Ashaka Cement in Nigeria . The move was warmly supported by some shareholders of the company. Before. Lafarge Africa has merged its Nigerian and South African cement operations, bringing Lafarge's stake in Ashaka Cement to 58.61%.

   In India , Lafarge is buying back the 14.03% stake in Lafarge Africa held by Baring Private Equity. Lafarge holds a 15% internal rate of return on Barings.

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Lafarge Africa has reportedly offered to buy a stake in Ashaka Cement in Nigeria. The move was warmly supported by some shareholders of the company.

2015-01-23 16:25:47

On the evening of August 26, Conch Cement disclosed its semi-annual report that in the first half of the year, the company realized operating income of 36.927 billion yuan, down 10.88% from the same period last year; the net profit attributable to shareholders of listed companies was 2.527 billion yuan, down 42.76% from the same period last year; the basic earnings per share was 0.48 yuan/share.