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Lafarge Africa Sells 35% Of Its Shares In Continental Blue Investment Ghana

Cement mixer trucks sit parked on the quay side at a Lafarge SA depot in Paris, France, on Thursday, Feb. 16, 2012. Lafarge SA jumped as much as 4.5 percent, the most in about a month, after the company posted better-than-expected operating profit and unveiled a 400 million-euro cost-cutting plan for this year. Photographer: Fabrice Dimier/Bloomberg

Lafarge Africa Plc, wednesday, disclosed that it has sold off its 35% equity stake in Continental Blue Investment Ghana Limited (CBI Ghana).

Brandnewsday understands that Lafarge Africa made this revelation known during the company’s emergency meeting held on Wednesday, 20th January 2021.

The cement manufacturer notified it’s stakeholders and the general public about its board’s decision to dispossess 35% stakeholding in Continental Blue Investment Ghana Limited (CBI Ghana).

READ: Investment Recommendation: Buying Lafarge ’s Recovery Story As Profit Jumps By 158.96%…

According to a brief statement that was sent to the Nigerian Stock Exchange (NSE), Lafarge Africa explained that its 35% holdings in the subsidiary would be sold off.

Lafarge Africa

The statement by Lafarge Africa reads: “Pursuant to the emergency meeting of the Board of Lafarge Africa Plc (“Lafarge Africa” or “the Company”) held today, Wednesday, 20th January 2021.

”The Board resolved and hereby notifies the Nigerian Stock Exchange (“the NSE”) of its decision to divest its 35% shareholding in Continental Blue Investment Ghana Limited (“CBI Ghana”).”

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