The shareholders of Lafarge Africa Plc on Tuesday approved the proposal by the company to raise N90 billion via a Rights Issue and the restructuring of its outstanding short term $315 million shareholder loans. With its ambition to grow in Nigeria, Lafarge Africa decided to raise additional capital. And at an extra-ordinary general meeting (EGM) held in Lagos, shareholders of the firm approved the plan. The purpose of the fund to raised is to aid deleverage of the company’s balance sheet and provide head room for the expansion of our business. Read More: