Bamburi Cement is set to sell its 70 percent stake in its Ugandan subsidiary Hima Cement for $84 million (Sh12.7 billion), a move that will boost its cash flows.
Hima Cement’s minority shareholder Cementia Holding AG is also joining its sister company Bamburi to sell its 30 percent stake for $36 million (Sh5.4 billion) to a consortium of Sarrai Group and Rwimi Holdings, that will fully own the cement manufacturer.
