Why Savannah Cement suitors got additional time to submit offers

Savannah cement factory in Athi River. 

Photo credit: File | Nation Media Group

The administrators of troubled Savannah Cement are confident they will get a suitable buyer for the firm’s multibillion-shilling assets, including plant and land after they extended the bidding window to the end of February.

Local and international firms have been given more time to bid for the assets after some of them complained they were not given adequate time to prepare and submit their offers.

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