@Aveiro_dun I pray 🙏 he has the passion of Ander Herrera, injury free like Bruno, intelligence of Carrick, guts like Roy Keane & most importantly love the club like paul scholes.
@ManUtd@04Andrey I wish he would have the passion of Ander Herrera, injury free like Bruno, intelligence of Carrick, guts like Roy Keane & most importantly love the club like paul scholes.
Dangote and BUA are in trouble and very worried now.
Huaxin just got Senate approval to complete an 83.81% acquisition of Lafarge Africa from Holcim. $1 billion deal and it’s Done deal, not a rumour. Lafarge Africa controls about 18% of Nigeria’s cement market, while Dangote controls 50% and BUA 32% and now a Chinese industrial giant owns it Lafarge.
This is why I am smiling. Huaxin did not buy into Nigeria’s cement market to play nice with an existing cartel-like pricing structure. Insiders already say the new owners are building a pricing model that could disrupt how cement is sold in this country. When you buy market share, you do not protect the old margins of your competitors. You break them to take their customers.
Dangote and BUA have enjoyed a comfortable duopoly setting the tone on cement prices while Nigerians pay N8,000 for a 50kg bag. That comfort just got a new neighbour with deep pockets, four plants, and a mandate to grow. Huaxin does not owe Dangote or BUA any loyalty to keep prices where they are.
If cement prices crash, ordinary Nigerians trying to build a house win. The two men who have quietly controlled this market for years just got real competition, and honestly, it is about time.