A Tanzanian conglomerate will pay Bamburi Cement shareholders $5.31 million (Sh682.7 million) if it walks out of the proposed deal to acquire the Nairobi-bourse listed firm for reasons other than legal hitches.
Amsons Group, a family-run business with operations in diverse markets in East Africa, including Tanzania, Zambia, Malawi, and Mozambique, said last Thursday that the proposed deal to acquire the entire stake in Bamburi for Sh23.59 billion includes a $5.31 million break fee.
