Ten shareholders stood between Tanzanian conglomerate Amsons Group and full ownership of Bamburi Cement Company at the end of June, prompting an extension of the company’s suspension from trading to allow for their compulsory buyout.
Latest regulatory filings show that the minority shareholders held 67,082 Bamburi shares as at June 30, while Amsons held 362.892 million shares, equivalent to 99.98 percent of the cement firm’s 362.96 million issued shares.
