Cement maker Lafarge Africa renamed HBM Nigeria Plc (opens original article in a new tab)

Lafarge Africa, acquired by Chinese investors, has changed its name to HBM Nigeria Plc following shareholder approval and regulatory clearance. The acquisition, valued at $1 billion, involved a 83.1% stake purchase from Holcim Group.

• Lafarge Africa renamed HBM Nigeria Plc after being acquired by Chinese investors
• Shareholders approved the name change at the AGM in April 2026
• Regulatory approval from CAC and Nigerian Exchange was obtained
• Acquisition by Huaxin Cement valued at $1 billion closed in August 2026