Bamburi shareholders transferred a further 212.73 million shares worth Sh13.83 billion to Tanzanian conglomerate Amsons Group on Thursday in the ongoing takeover of the company, putting the buyer above the threshold needed to delist the cement firm and compulsorily buy out shareholders who did not tender their stock.
This brought the total shares taken up by Amsons in the last two days to 349.8 million, following Wednesday’s bulk transfer of 137.06 million units from various shareholders.
