WorldStage Newsonline– Lafarge Africa Plc is a cement manufacturer headquartered in Lagos and majorly controlled by LafargeHolcim has notified the Nigerian Stock Exchange that an emergency meeting of the Board of Directors of Lafarge Africa Plc will hold today, Tuesday, 6th October 2020 to discuss the Company’s investment in Continental Blue Investment Limited.
Lafarge Africa owns 35% stake in Continental Blue Investment Ghana Limited located in Ghana
Lafarge Africa in its 2019 Annual report said “As at December 31, 2019, the carrying amount of the company’s investment in Continental Blue Investment (CBI) has been fully depleted, as the losses reported over the years exceeded the carrying amount of the investment,” the financial results pointed out.
