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Lafarge Africa drops to 2009 low on rights-issue burden

by ENDURANCE OKAFOR

November 8, 2018 | 6:52 am
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Lafarge Africa Plc fell by 9.8 percent on Wednesday to the lowest since May 2009, with trading volume about double the three-month daily average. The impact of the N90bn rights issue announced last month will be negative for minority shareholders, Moses Waireri Njuguna, an analyst at EFG-Hermes, said. “The rights are not beneficial to minorities…

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by ENDURANCE OKAFOR

November 8, 2018 | 6:52 am
  |     |     |   Start Conversation

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