Lafarge Africa Plc completed its corporate rebranding to HBM Nigeria Plc following regulatory approval from the CACThe name change followed a $1 billion deal in which Chinese cement giant HBM acquired an 84% stake in the company from HolcimShareholders were assured their existing share certificates and electronic holdings remain valid and will be updated automatically
Lafarge Africa Plc has formally adopted the name HBM Nigeria Plc, completing a corporate transition that began with the takeover of the company by Chinese cement manufacturer HBM.
The company announced the development through a post on X, writing: “Welcome to HBM NIGERIA! Building the future.” A formal notification was simultaneously issued to the Nigerian Exchange Limited (NGX), shareholders, and the broader investing public, confirming that all required regulatory approvals had been secured.
Lafarge Africa says it is now HBM Nigeria, with the CAC approving the new name after shareholders endorsed the rebranding exercise. Photo: LafargeSource: Getty Images
Lafarge,
