₦airaland Forum

VikingKing:
While the current environment is too hostile for the investors we already have that many of them are leaving in droves, Tinubu continues globetrotting with taxpayers money pretending to secure investors. He can only deceive his supporters, the rest of us can see through him.

Arda1000:
shut up

Olachase:
go tell that one to your papa

RedScorpion:
They no longer want anything to do with Tinubu and his APC government

Lithiumite:
Holcim is divesting their portfolio and you are here foaming in the mouth about investors leaving.....for everyone that's left 2 has come in....go on the Lagos ibadan axis and see factories springing up everyday.....but you are here springing false narratives everyday.

VikingKing:
While the current environment is too hostile for the investors we already have that many of them are leaving in droves, Tinubu continues globetrotting with taxpayers money pretending to secure investors. He can only deceive his supporters, the rest of us can see through him.

VikingKing:
While the current environment is too hostile for the investors we already have that many of them are leaving in droves, Tinubu continues globetrotting with taxpayers money pretending to secure investors. He can only deceive his supporters, the rest of us can see through him.

omoadeleye:
Werey, when them bring in money for investment, you no go get English to type now an investor is cashing out on their investments you are here typing like a nuisance.

Does selling their stake means they will stop producing cement?

Whe stakes are sold it is another investors that will buy .

Y'all should just stop being an illiterate for God sake

VikingKing:
https://punchng.com/swiss-cement-maker-sells-1bn-stake-in-lafarge/

Olachase:
if we should start running everything in this country without corrupting

so many companies would fold up


me and you kws what i am saying is true

Kukutente23:
Chincos want to take over Lafarge
I pity the workers
Tinubulation don reach that side

Dittodat:
So the ones that bought the company are not investors? May be they are your " ancestors " .
Olodo clown

VikingKing:
While the current environment is too hostile for the investors we already have that many of them are leaving in droves, Tinubu continues globetrotting with taxpayers money pretending to secure investors. He can only deceive his supporters, the rest of us can see through him.

Yankee101:
For people supporting Tinubu
When there’s no economic power and government policies are terrible and the direct cause, businesses shut down

olisaEze:
Mugu say na divestment. Pls who divests away from a productive investment?? 😂

Arda1000:
by now you should know that Asian investors are the most horrible people to work with,especially the Middle East,China and India.
If you have ever worked with or gone to work to this places I mentioned you would understand why the news is bad enough

Timmi:
Oga Yankee101, did you read that this business is shutting down? And some of you claimed you went to school.

Yankee101:
Read about how to exit a foreign market

Shutting down by ShopRite or breweries or cement companies in Nigeria do not mean the physical assets vanish into thin air

You sell your outstanding assets, brand and clientele at a steep discount

That’s how you exit a foreign market that’s no longer profitable

You won’t be asking this question if you understood finance

VikingKing:
quote]Swiss cement maker Holcim will exit its Nigerian business through the sale of its nearly 84 per cent stake in Lafarge Africa to China’s Huaxin Cement, the firm announced in a statement on Sunday.

The sale price was $1bn for a 100 per cent stake.

It stated, “The sale aligns with Holcim’s strategy to streamline its portfolio and focus on high-growth regions, including the upcoming spin-off of its North American business, which remains on track for a US listing in the first half of 2025.

“The transaction is expected to close in 2025, subject to regulatory approval, according to Holcim’s statement, which did not provide further details on the reason for this specific sale.”

In November 2023, Holcim said it had signed deals to sell its businesses in Uganda and Tanzania, further advancing its strategy to consolidate leadership in core markets as the global leader in innovative and sustainable building solutions.

According to Reuters, the deal marks the latest in a series of African acquisitions by Huaxin Cement.

Last year, it also announced the purchase of South Africa’s Natal Portland Cement Company.

Holcim had been focusing on sustainable growth in its core markets, higher-margin products, and strategic infrastructure investments.

The company is also working to enhance its environmental credentials, having taken a stake in Sublime Systems, a U.S. tech start-up focused on low-carbon cement.

In October, Holcim reported a slightly better-than-expected recurring operating profit of 1.67 bn Swiss francs ($1.90 bn) for the third quarter.
https://punchng.com/swiss-cement-maker-sells-1bn-stake-in-lafarge/

DeLaRue:
The colonial French company has made so much profit in Nigeria for over the years.

Lafarge was the big boy in cement until Dangote came on the scene.

Now they can't compete any longer, they are running back home to little Europe with their tails between their legs.

The Chinese have bought them out.

Truth is, the Chinese and Indians will be the dominant foreign investors in Nigeria going forward.

German, British, French and US companies can't compete with the Chinese.

This is a good deal for Nigeria. Some of that $1 billion purchase price will likely end up in being paid to the Federal government in tax.

VikingKing:
While the current environment is too hostile for the investors we already have that many of them are leaving in droves, Tinubu continues globetrotting with taxpayers money pretending to secure investors. He can only deceive his supporters, the rest of us can see through him.

MadamVanessa:




When David Adeleke expressed his discontent with the state of affairs, stating that nothing is working in this satanic dungeon of Tinubu and advising investors against taking risks, some idiotic fóolish noneñtities reacted impulsively and foolishly, failing to constructively engage with his concerns. Everything is folding, the investors that are here are running away. Tinubu is a failure.

Olachase:
if we should start running everything in this country without corrupting

so many companies would fold up


me and you kws what i am saying is true

PrinceOfLagos:
Tinubu has succeeded in destroying the economy of Nigeria same way he destroyed Lagos

Davido was right about the useless president



Cc yarimo FreestuffsNG seunmsg Helinues

Dittodat:
So the ones that bought the company are not investors? May be they are your " ancestors " .
Olodo clown

Image123:
Lolz, some people will blame Tinubu for Holcim's $1 billion profit after making staggering profits in Nigeria for about a decade. From WAPCO to Lafarge to Holcim to Huaxin, that company has always made great profit.