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Ministry of Commerce trade and Industry

News Article

REF: CALL FOR STAKEHOLDER VIEWS ON THE PROPOSED MERGER INVOLVING HUAXIN (HAINAN) INVESTMENT COMPANY LIMITED AND LAFARGE ZAMBIA PLC

2021-07-08

The Competition and Consumer Protection Commission (“Commission”) is calling for stakeholder views on the proposed merger involving Huaxin (Hainan) Investment Company Limited (“Huaxin” or the “Acquirer”) and Lafarge Zambia Plc (“Lafarge” or the “Target”).

Huaxin is a limited liability company incorporated in the People’s Republic of China. Lafarge is a public limited company, incorporated under the laws of Zambia and listed on Lusaka Stock Exchange.

The transaction is such that, Huaxin is purchasing 50.10% and 24.90% shares in Lafarge from Pan African Cement Limited and Financière Lafarge SAS respectively. This will culminate in the acquisition by Huaxin of 75% shares in Lafarge.

Therefore in light of the above, all stakeholders with information on the proposed transaction may contact the undersigned or Mrs. Naomi Fulaza – Director of Mergers and Monopolies on telephone; 0211222787/ 222775 or via email to zcomp@ccpc.org.zm.

 

Mr. Chilufya Sampa

Executive Director

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