Lafarge Africa to raise NGN140 billion via rights issue, seal Unicem merger

Lafarge

Nigeria’s second largest cement producer, Lafarge Africa is looking at raising 140 billion via a rights issue.

According to information relayed via Thomson Reuters Eikon, the Lafarge Africa will be seeking approval of its shareholders to push through the fundraising.

Lafarge will also be looking at getting final approval for its merger with Unicem. The company is expected to hold its AGM on the 7th of June, 2017.