Lafarge Africa Plc has entered a merger with both United Cement of Nigeria (UniCem) and Atlas Cement Co Ltd, a bag handling and cement distribution company.
This merger was approved by the board of Lafarge at a recent board meeting.
“The board authorised the firm to enter into any agreement and do all that is necessary to negotiate and implement the merger among UniCem and Atlas.” Said Edith Onwuchkwa, company secretary of Lafarge Africa.
“Lafarge will seek the approval of the Securities and Exchange Commission (SEC) and all other relevant regulatory bodies in furtherance of the implementation of the merger.”
Lafarge Africa Plc earlier reported a sales revenue of N268.63 billion for the second quarter of 2025 representing a 70% increase from N157.80 billion recorded in Q2 2024.
Coca-Cola announced on Tuesday that it will release a new version of Coke using cane… Read More
The National Bureau of Statistics (NBS) has released Nigeria’s rebased Gross Domestic Product (GDP) report… Read More
Craneburg EKSG Motorway Company Plc has successfully listed ₦32.5 billion Senior Guaranteed Fixed‑Rate Infrastructure Bonds on… Read More
The Central Bank of Nigeria (CBN) held the Monetary Policy Rate (MPR) at 27.5%, maintaining… Read More
The Federal High Court of Nigeria will begin its 2025 annual vacation on Monday, July… Read More
The Nigeria Customs Service (NCS) has announced the replacement of multiple import levies with a… Read More
