LAGOS (Reuters) – Lafarge Africa plans to seek shareholders’ approval next month to raise 140 billion naira ($445.86 million) and also convert some loans into equity as part of the capital injection, the company said on Monday.
The local business of Lafarge-Holcim said it will seek approval to convert loans due from a shareholder to equity under the rights issue.
($1 = 314.0000 naira)
(Reporting by Oludare Mayowa; Writing by Chijioke Ohuocha; Editing by Louise Heavens)
