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Devki's National Cement in deal to acquire troubled ARM's assets for Sh5bn

A worker at an ARM Cement plant. FILE PHOTO | NMG

By  CONSTANT MUNDA

Correspondent

Devki Group, a family-owned conglomerate with interests in cement, steel products, roofing sheets and aviation, has reached a deal to buy out troubled ARM Cement Plc for $50 million (Sh5.05 billion).

The deal is subject to regulatory approvals.

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