Disposal Of 14% Shareholding In Mbeya Cement Company Limited

Disposal Of 14% Shareholding In Mbeya Cement Company Limited

| Lafarge Zambia Plc | Disposal Of 14% Shareholding In Mbeya Cement Company Limited

 

The Board of Lafarge Zambia Plc (“Lafarge” or the “Company”) wishes to advise the shareholders and the market participants that the Company has reached an agreement with Pan African Cement Limited (“Pan African”) to dispose of Lafarge’s 14% shareholding in Mbeya Cement Limited (“Mbeya”) in Tanzania to Pan African, the majority shareholder in Lafarge, for consideration of ZMW 26,221,000 (“the Transaction”).

As at 14th May 2021, the market value of Lafarge Zambia was ZMW 660 Million. Accordingly, the percentage ratio of the consideration (ZMW 26.2) to the market capitalisation of Lafarge Zambia is 4%

  • May 24, 2021 Create Date
  • 138.51 KB File Size
  • Expiry Date