Amsons Group acquires $70 million stake in Bamburi Cement, eyes full buyout
The move is part of Amsons’ strategy to consolidate its presence in East Africa’s construction sector.
The move is part of Amsons’ strategy to consolidate its presence in East Africa’s construction sector.
The COMESA Competition Commission confirms the deal will not harm regional competition or result in market dominance, supporting trade integration.
Savannah Clinker's increased offer of Ksh76.55 ($0.59) per share values Bamburi at Ksh27.8 billion ($215.7 million), surpassing Amsons' earlier bid.