Home Business Lafarge Africa shareholders approve N90bn rights issue
Lafarge Africa shareholders approve N90bn rights issue

Lafarge Africa shareholders approve N90bn rights issue

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Lafarge Africa, with his ambition to grow in Nigeria has decided to further strengthen the company by issuing a new rights issue.

The company said that the proposed growth plan included raising N90bn via a Rights Issue and the restructuring of its outstanding short term $315m shareholder loans.

At an Extra-Ordinary General Meeting held in Lagos yesterday, shareholders of the leading building solutions, the company said provider approved the plan to raise up to N90bn in additional capital and the restructuring of its short term US dollar shareholder loans.

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