Lafarge Africa Plc will change its name to become HBM Nigeria Plc, after approval from its shareholders at its annual general meeting held on April 30, 2026, according to a notice sent to the Nigerian Exchange Group (NGX).
The decision is part of the finalization of Holcim’s withdrawal, which sold its 83% stake in Lafarge Africa to Huaxin Cement Co., a Chinese company, for approximately USD 1 billion, a transaction finalized in 2025.
According to a statement released for this purpose, shareholders also authorized the board of directors to amend the company’s bylaws to reflect the new name, subject to regulatory approvals.
The rebranding comes after the transfer of control to the Chinese group, marking a new phase in the governance of the company in Nigeria. At the same meeting, shareholders approved the audited financial statements for 2025, as well as the board of directors’ appointments, directors’ remuneration, and a general mandate for related party transactions.
Shareholders also approved a final dividend of 6 nairas per share, representing a total amount of 96.6 billion nairas (67 million USD) for the year ended December 31, 2025, subject to applicable taxes.
