Holcim has signed an agreement with Huaxin Cement Ltd to sell its entire 83.81% shareholding in Lafarge Africa PLC in Nigeria, at an equity value of US$ 1bn on a 100% basis. With plants in Ewekoro (photo) and Sagamu in the southwest, Mfamosing in the south and Ashaka in the northeast of Nigeria, the company currently has an installed cement production capacity of 10.5 Mta. The transaction is expected to close in 2025, subject to customary and regulatory approvals.