Bamburi Cement has sold its entire stake in Ugandan subsidiary Hima Cement for an estimated $84 million (Sh12 billion), raising prospects of rewarding shareholders with a special dividend.
The Nairobi Securities Exchange-listed firm said Thursday the sale of the entire 70 percent stake to a consortium of Sarrai Group and Rwimi Holding was completed on March 5 after it got all the regulatory and shareholder approvals.
