Senate backs Lafarge sale to Huaxin, calls for strict regulatory oversight

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The Nigerian Senate has approved the proposed sale of Lafarge Africa Plc to Hainan Huaxin Pan-African Investment Company Plc. They mandated strict regulatory oversight and compliance with Nigerian laws for the transaction to proceed.

By Henry Umoru ABUJA — The Senate has endorsed the proposed sale of Lafarge Africa Plc to Hainan Huaxin Pan-African Investment Company Plc, urging all relevant regulatory agencies to ensure strict compliance with Nigerian laws throughout the transaction. The upper chamber said the acquisition should proceed provided all statutory requirements and due processes are fully […] The post Senate backs Lafarge sale to Huaxin, calls for strict regulatory oversight appeared first on Vanguard News.