Senate backs Lafarge sale to Huaxin, calls for strict regulatory oversight

Senate backs Lafarge sale to Huaxin, calls for strict regulatory oversight

By Henry Umoru ABUJA — The Senate has endorsed the proposed sale of Lafarge Africa Plc to Hainan Huaxin Pan-African Investment Company Plc, urging all relevant regulatory agencies to ensure strict compliance with Nigerian laws throughout the transaction. The upper chamber said the acquisition should proceed provided all statutory requirements and due processes are fully […] The post Senate backs Lafarge sale to Huaxin, calls for strict regulator…

Nigerian Senate backs Huaxin's acquisition of Lafarge Africa

Nigeria's Senate has approved the proposed US$1bn acquisition of Lafarge Africa by China's Huaxin Cement following a review by an ad hoc committee. The...

Senate Approves Chinese Firm’s Acquisition Of Lafarge Cement For $1bn

The Senate on Thursday approved the acquisition of an 83 percent stake in Lafarge Cement Plc by a Chinese company, Hainan Huaxin Pan-African Investment Company Plc. The approval for the $1 billion worth transaction, followed the consideration and adoption of the report of an ad hoc committee established to examine the transaction. The committee was constituted by the Senate in December 2025 to review the modalities and contending issues surround…