Lafarge Africa rises to 3-week high after it sells South African unit

20th June 2019 By: Reuters

Shares of Lafarge Africa rose 9.95% to a three-week high on Thursday after the cement maker said it had sold its loss-making South African operations.

The stock of the local unit of Franco-Swiss group Lafarge Holcim listed in Lagos, climbed to 10.50 naira, outperforming the weaker Nigerian All Share Index down 0.02%.