Senate Backs Proposed Sale of Lafarge Africa to Chinese Investor
The Senate has endorsed the proposed acquisition of Lafarge Africa Plc by Chinese firm Huaxin Pan-African Investment Company, stating that the transaction should proceed provided it complies with all applicable Nigerian laws and regulatory requirements. The upper chamber also assured that the interests of Nigerian public investors, who collectively own a 16.19 per cent stake in the cement company, would remain protected throughout the transaction. The decision followed the adoption […]