Lafarge Africa proposes a N90 bn rights issue- get Shareholders approval.   

26 September 2018 : Lafarge is pretty determined to grow in Nigeria, and have decided to do another rights issue of N 90 bn coupled with the restructuring of its pending short-term shareholder loan of $315 million; in a quest to strengthen the company. 


The giant building solutions provider believes that the rights issue will help them to deleverage the company’s balance sheet and also provide a boost for business expansion. 


The company is quite hopeful for the Nigeria business as they force a stable pricing environment in comparison to their South African counter part which is undergoing a turnaround plan.


Reporting for EasyKobo on Wednesday , 26 September 2018 in Lagos, Nigeria

 

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