Stockbrokers are set for a windfall from commissions from the acquisition of Sh22.8 billion worth of Bamburi Cement shares by Tanzanian conglomerate Amsons Group, boosting their revenue at a time when their earnings have been hit by reduced trading at the stock market.
Bamburi shareholders sold Amsons 350.41 million shares for Sh65 per unit in the offer, which was equivalent to 96.54 percent of the company’s 362.95 million issued shares.
