Lafarge Africa seeks approval to merge Nigerian operations

Lafarge Africa is seeking regulatory approval to merge its Nigerian operations with two of its local subsidiaries, it said in a stock exchange filing on Monday.
The cement mixer said its board has asked the company to “undertake a business combination with United Cement Company of Nigeria Limited (Unicem) and Atlas Cement Company Limited (Atlas).” It did not give a reason for the merger.
The Nigeria-based business of the Franco-Swiss cement group, LafargeHolcim, is seeking approval from Nigeria’s Securities and Exchange Commission (SEC) for the merger.
Credit: Reuters