Lafarge Africa has reportedly offered to buy a stake in Ashaka Cement in Nigeria . The move was warmly supported by some shareholders of the company. Before. Lafarge Africa has merged its Nigerian and South African cement operations, bringing Lafarge's stake in Ashaka Cement to 58.61%.
In India , Lafarge is buying back the 14.03% stake in Lafarge Africa held by Baring Private Equity. Lafarge holds a 15% internal rate of return on Barings.