Lafarge Zim shareholder assessing offers

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BY FIDELITY MHLANGA
One of Lafarge Cement Zimbabwe’s shareholders has rejected an offer for its 76,45% stake from an undisclosed investor, the cement maker said yesterday.

Lafarge Cement Zimbabwe is a unit of Holcim Limited, a French multinational company that manufactures building material.

“The company wishes to advise shareholders and members of the investing public on the withdrawal of the cautionary announcement dated April 19, as Associated International Cement Limited (AICL) has not accepted an offer for its 76,45% stake in the company and is still assessing the offers received for its stake in the company’s securities,” company secretary Faithful Sithole said.

“Accordingly, shareholders and members of the investing public are advised to continue exercising caution when dealing in the company’s securities until a full announcement is made,” the firm added.

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