Lafarge to divest from SA subsidiary

PUBLISHED: Thu, 20 Jun 2019 13:28:41 GMT

Cement maker Lafarge Africa has proposed plans to sell its 100 per cent equity interest held by the company in Lafarge South Africa Holdings to an indirect subsidiary of Lafarge Holcim. The company also released its much anticipated full year and first-quarter earnings. Onyeka Ijeoma, Analyst at Vetiva Research joins CNBC Africa for more.