Bamburi Cement shareholders who failed to sell their shares to Tanzanian conglomerate Amsons Group during its takeover of the company in December are set to be compulsorily bought out in a transaction worth Sh815.9 million.
Amsons announced on Thursday that it has moved to exercise its right to acquire the remaining Bamburi stake —known as a squeeze out— having reached the required threshold of at least 90 percent acceptance of its bid.
