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Lafarge Africa plans right issue to raise N89.2bn

PUBLISHED: Tue, 11 Dec 2018 08:36:06 GMT

In a new capital raising bid, Lafarge Africa plans to raise 89.2 billion naira through a Rights Issue at 12 naira per share, by issuing 6 new shares for every 7 shares held by shareholders at a qualification date to be announced. Joining CNBC Africa to discuss the details is Bruno Bayet, Chief Financial Officer of Lafarge Africa.

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