Slaughter and May advised West China Cement group on its acquisition of AfriSam Holdings Proprietary Limited in South Africa

Slaughter and May Hong Kong advised West China Cement group on the Hong Kong law aspects of its acquisition of AfriSam group, which owns and operates multiple fully integrated cement factories, blending plants, milling facilities, cement depots, quarries and aggregate plants and ready-mix concrete batching plants across South Africa, for a maximum consideration of approximately USD145 million.

West China Cement group is one of the leading cement producers in Shaanxi Province, the PRC, with a leading market position in Southern Shaanxi and Eastern-Central Shaanxi as well as presence in Guizhou and Sichuan Provinces, and with production capacity in Ethiopia, Mozambique, the Democratic Republic of Congo, Rwanda, Tanzania and Uzbekistan. Its shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited.