LAFARGE Africa Plc has disclosed that the net
proceeds from its Rights Issue of N131.65 billion will enable it to refinance a
portion of the company’s foreign currency denominated shareholder loan, by way
of a debt-to-equity conversion and also boost its profitability in the future.
Group Managing Director/CEO, Lafarge Africa Plc, Mr. Michel Puchercos, who revealed this at the company’s ‘facts behind the Rights Issue’ presentation on the Lagos floor of the Nigerian Stock Exchange, NSE, stated that the company has started to overcome some of the challenges facing it as it has returned to profitability in the first half of this year, 2017.
According to him:“Despite the challenging economic and regulatory operating
Group Managing Director/CEO, Lafarge Africa Plc, Mr. Michel Puchercos, who revealed this at the company’s ‘facts behind the Rights Issue’ presentation on the Lagos floor of the Nigerian Stock Exchange, NSE, stated that the company has started to overcome some of the challenges facing it as it has returned to profitability in the first half of this year, 2017.
According to him:“Despite the challenging economic and regulatory operating
