Lafarge Nigeria enters into an agreement with Flour Mills of Nigeria to purchase a 30 percent stake in United Cement Company of Nigeria. The deal will give Lafarge's Nigerian Cement Holdings complete control of the country's third-largest cement manufacturer.
According to a statement from Lafarge, "Pursuant to the agreement, a first 15 percent tranche would be acquired in the first quarter of 2015, while the second 15 percent tranche is scheduled to be acquired by February 2016 at the latest".
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