Deep-pocketed Bamburi Cement investors, including businessman Baloobhai Patel, pocketed more than Sh12.7 billion in capital gains and special dividends in the latter months of 2024 after the successful sale of the company to a Tanzanian tycoon and the earlier divestiture of its Ugandan subsidiary.
The investors enjoyed a Sh20 per share premium on the company's last trading price before the July 10 buyout disclosure by Tanzanian company Amsons Group.
