Deals
East African Portland Cement Denies Lafarge Acquisition Talks
- Cement maker says may sell non-core assets to boost capital
- Lafarge already owns 41.7% of the struggling cement maker
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East African Portland Cement Co. denied reports it was in early-stage talks with Lafarge SA about a possible acquisition.
“It has never featured in any board discussions,” the company’s head of financial management, Stephen Nthei, said by phone. “I don’t think it’s a considerable move given the current shareholding structure.”