Lafarge Africa to sell South African subsidiary to LafargeHolcim for $316 million

Lafarge Africa launches ready to use tile adhesive, SUPAFIX

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Lafarge Africa Plc has reached an agreement to sell the 100 percent equity interest held by the Company in Lafarge South Africa Holdings (Pty) Limited (LSAH) to Caricement B.V. (“Caricement”), an indirect subsidiary of LafargeHolcim Limited for $316 million. This will lead to the total repayment of the Inter-Group Loans owed to LafargeHolcim by Lafarge…

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