Dar’s Amsons takes first Sh8.9bn stake in Bamburi

The Bamburi Cement factory in Mombasa.

Photo credit: File | Nation Media Group

Tanzanian conglomerate Amsons Group yesterday took possession of the first batch of Bamburi Cement shares worth Sh8.9 billion, as it pushes for a full buyout of the Nairobi bourse listed company.

The Bamburi counter saw 137.06 million shares --equivalent to 38 percent of the company’s 362.9 million issued shares-- change hands yesterday at the Nairobi Securities Exchange (NSE) in block trades that were priced at Sh65 each.

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