Tanzania's Amsons Group has acquired 96% of Bamburi Cement, one of Kenya’s largest cement manufacturers, in a landmark deal valued at KSh 23 billion.

Tuko.co.ke - Kenya news.

Tanzania's Amsons Group acquires Bamburi Cement for KSh 23b

Amsons Group, a leading pan-African manufacturing and energy conglomerate, has closed the takeover offer of Bamburi Cement Plc.  In a regulatory notice published by Amsons Group, through its Kenyan subsidiary and investment vehicle, Amsons Industries (K) Ltd, secured 96.54%acceptances from Bamburi shareholders. Amsons Group Managing Director, Mr Edha Nahdi, expressed the company’s commitment to a swift and smooth closure of the US$180 million de…

KahawaTungu

Nairobi

Nairobi County

Kenya

Bamburi Cement set to Join Amsons Group as Shareholders Greenlight Acquisition

The cement firm accounted for 95 percent of the NSE’s turnover of Sh170.91 billion, and 78 percent of the 174.6 million shares traded.

The Citizen

Mwananchi Communications Ltd

Dar es Salaam

Tanzania

Tanzania’s Amsons takes first Sh162.16 billion stake in Bamburi

In the battle for the acquisition of Bamburi Cement, one of the leading cement and concrete producers in Eastern Africa, Amsons Industries (K) Ltd, a Tanzania based conglomerate, has taken the advantage by taking control of a percentage of the company’s shares. After making an offer to acquire Bamburi Cement, in Q3 2024, at Sh65 per share, December 18th 2024, days after its main competitor, Savannah Clinker withdrew their bid, witnessed the tran…

Nairobi Business Monthly

Amsons takes lead in Bamburi Cement acquisition - Nairobi Business Monthly

Amsons Group, the pan-African manufacturing and energy conglomerate, has finally sealed the takeover offer of Bamburi Cement Plc.

Business Today Kenya

Bamburi Cement Shareholders Seal Ksh22.5B Buyout

Tanzania’s Amsons Group has initiated its Ksh.23.6 billion acquisition of Bamburi Cement, one of Kenya’s leading cement manufacturers – according to a report seen by Business Daily. The deal commenced with a significant block trade worth Ksh.8.91 billion on Wednesday, marking the acquisition of the first tranche of shares. Amsons purchased 137.1 million shares at … The post Tanzania’s Amsons Group Launches Ksh.23.6 Billion Bamburi Cement Buyout …

Tanzania's Amsons Group acquires Bamburi Cement for KSh 23b

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