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In October 2014, Lafarge Africa acquired 1,312,444,260 shares being 58.61% of Ashaka Cement Plc (”AshakaCem”) from Lafarge SA. This acquisition triggered a Mandatory Tender Offer (“MTO”) under the provisions of Section 132(1)(a) of the Investment & Securities Act (No. 29 of 2007), which was made by Lafarge Africa in December 2014. At the conclusion of the MTO, Lafarge Africa acquired
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