Court dismisses Lafarge's objection in suit over planned sale to Chinese firm

Court dismisses Lafarge's objection in suit over planned sale to Chinese firm

A Federal High Court sitting in Ikoyi, Lagos, has dismissed a preliminary objection filed by Lafarge Africa Plc seeking to halt a suit challenging its proposed sale of majority shares to a Chinese firm, Huaxin Cement Limited. Justice Lewis Allagoa on Thursday ruled that the court has jurisdiction to hear the suit brought by Strategic Consultancy Limited, a Nigerian company and minority shareholder in Lafarge. The judge rejected Lafarge’s motion …

Court dismisses Lafarge’s objection in suit over planned sale to...

A Federal High Court sitting in Ikoyi, Lagos, has dismissed a preliminary objection filed by Lafarge Africa Plc seeking to halt a suit challenging its prop... #news, #afederalhighcourtsittinginikoyi, #lafarge, #lagos, #lagosstate, #flyingeze

FLSmidth reports progress in possible cement sell-off plans

FLSmidth Group says it has entered exclusive negotiations with Pacific Avenue Partners over the potential sale of its cement business as part of its interi...

FLS CEO on possible billion-dollar sale: “There is progress”When will FLSmidth (FLS) sell the cement business? Parts of the business community are concerned about this, and FLS is using Wednesday's quarterly financial statements to signal