By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- The top two (2) world Cement producers, Holcim and Lafarge on Tuesday named the future executive committee of LafargeHolcim following a recommendation by Eric Olsen, future CEO of the combined Group. A joint statement by both firms made available to InvestAdvocate said the future […]
Business News
Nampak Profit Declines as South African Margins Shrink
May 26, 2015/Bloomberg Nampak Ltd., Africa’s biggest manufacturer of beverage cans, said first-half profit fell 13 percent as declining margins at its South African unit offset gains elsewhere in the continent. The shares dropped. Net income for the six months through March declined to 644.7 million rand ($54 million) from […]
Holcim, Lafarge Enter Binding Agreement with CRH on Divestments
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The top two (2) world Cement producers, Holcim and Lafarge said on Tuesday they have finalized agreement with Irish cement producer CRH Plc to buy some of their assets for 6.5 billion euro ($7.07 billion) as part of the merger deal. The divestment deal […]
