ZSE halts all share trading in Lafarge Cement Zimbabwe

The Zimbabwe Stock Exchange Ltd (ZSE) has implemented a securities halt in the trading of shares in Lafarge Cement Zimbabwe Ltd. The halt is effective from 23 December 2022 until further notice. 

According to ZSE, “Following the execution of a sale and purchase agreement between Associated International Cement Limited and Fossil Mines (Pvt) Ltd for a 76.45 per cent shareholding in Lafarge, there have been material developments in the sphere of activity of Lafarge. The full impact of these developments are still being assessed and Lafarge will issue a detailed announcement to that effect.

"In the interim, the ZSE will proceed to halt trading in the shares of Lafarge until issuance of a full announcement by Lafarge Cement Zimbabwe Ltd. Investors will not be able to buy or sell Lafarge shares during the period the securities halt is in effect.”