Huaxin set to buy Lafarge


HUAXIN Investments Limited, a Chinese firm, is set to take ownership of Lafarge Cement Zambia Plc following approvals for it to acquire a 75 percent stake in the cement company. The company plans to spend US$160 million on buying the cement plants in Zambia and Malawi.In June, Huaxin Hainan Investment expressed interest to buy 75 percent stake in Lafarge Zambia from French cement maker Financière Lafarge subject to approval by  CLICK TO READ MORE