Holcim AG has agreed to sell its stakes in Lafarge Africa to a Chinese cement firm in a deal valued at $1 billion as Holcim seeks to divest from Nigeria.

(Reuters) -Swiss cement maker Holcim will exit its Nigerian business through the sale of its almost 84% stake in Lafarge Africa to China's Huaxin Cement in a $1 billion deal, it said on Sunday. The deal aligns with Holcim's strategy to streamline its portfolio and focus on high-growth regions,

Swiss cement maker Holcim will exit its Nigerian business through the sale of its nearly 84 per cent stake in Lafarge Africa to China’s Huaxin Cement, the firm announced in a statement on Sunday.

Swiss cement maker Holcim will sell its 84% stake in Lafarge Africa to China's Huaxin Cement for $1 billion, aligning with its strategy to streamline its portfolio and focus on high-growth regions. The transaction is expected to close in 2025,

Holcim AG will sell its 83.8 percent stake in Lafarge Africa to a Chinese cement maker, Huaxin Cement Co., in a deal that values Lafarge Afric

Swiss building materials company Holcim AG agreed to sell its Nigerian business to China’s Huaxin Cement Co. in a deal that values the asset at $1 billion.

Swiss cement giant Holcim has announced its exit from the Nigerian market by selling its nearly 84% stake in Lafarge Africa to China’s Huaxin Cement. ・Holcim is selling its nearly 84% stake in Lafarge Africa to Huaxin Cement,

Holcim (OTCPK:HCMLF)(OTCPK:HCMLY) said Sunday it agreed to sell its stake in Lafarge Africa to China’s Huaxin Cement in a $1B deal.  Holcim owns 83.8% of the Nigerian-based business, the Swiss cement maker said in a statement.