Tanzania-based conglomerate with diverse interests in energy, construction, food and transport has made a $180 million (Sh23.15 billion) bid to acquire the entire stake of Bamburi Cement in what will mark one of the largest takeover deals in the East African region.
Amsons Group, which is a family-run business with operations in Tanzania, Zambia, Malawi, Mozambique, Democratic Republic of Congo and Burundi said Wednesday it has signed a binding offer with Bamburi Cement. The deal could see Bamburi, one of Kenya’s iconic blue-chip companies, delisted from the Nairobi Securities Exchange.
