Lafarge Cement WAPCO Nigeria
plc, which yesterday got shareholders’ approval to consolidate its Nigeria and
South Africa businesses, is considering raising additional equity through a
public offer.
Analysts say if market
conditions permit, the move will guarantee market liquidity of the stock as
well as encourage participation by other investors.
Shareholders of Lafarge
Cement WAPCO yesterday approved the creation of Lafarge Africa, a
Nigerian-listed holding company that will consolidate all Lafarge’s Nigerian
and South African assets.
Consequent to the issuance
of new shares by Lafarge Cement WAPCO as a result of the transaction approved
by shareholders and the public offer, the company will be
