Lafarge Merges With United And Atlas Cement

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The merger will enable the enlarged LAFARGE Africa to take advantage of benefits arising from various synergies as well as from efficiencies arising from streamlining the corporations of UniCem and Altas – LAFARGE

LAFARGE Africa Plc (Lafarge Africa) declares a merger with  United Cement Company of Nigeria Limited (UniCem) and Atlas Cement Limited (Altas). This consolidation was stated in a letter of proposal written by LAFARGE Plc today to the Nigeria Stock Exchange (NSE).

UniCem and Altas are wholly owned subsidiaries of Lafarge Africa, with the Company holding 100 per cent of the equity in both companies.

According to the notice, the merger will enable the enlarged LAFARGE Africa to take advantage of benefits arising from various synergies as well as from efficiencies arising from streamlining the corporations of UniCem and Altas. The company will continue to efficiently service its large, diversified customer base.

UniCem and Altas will be merged with Lafarge Africa by way of a court ordered scheme of Merger. The company was said to have received the Securities & Exchange Commission’s Approval-in-principle to the scheme of Merger.