Swiss Multinational Exits Nigeria, Sells Lafarge Africa For $1 Billion

After more than six decades of operations in Nigeria, Swiss multinational Holcim has announced its decision to exit the country.

Holcim, a global leader in innovative and sustainable construction solutions, disclosed plans to sell its 83.8% stake in Lafarge Africa Plc to China’s Huaxin Cement in a transaction valued at $1 billion.

The deal, which is subject to regulatory approval, is expected to close by 2025.

This move aligns with Holcim’s global strategy to streamline its portfolio and focus on high-growth regions and sustainable initiatives.