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Tanzania’s Amsons Group Bids KES23.59 Billion for Bamburi Cement

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Patrick Alushula

Patrick Alushula is a seasoned Kenyan-based senior business journalist..
  • Amsons Group makes KES23.59 billion ($183.4 million) bid to acquire Bamburi Cement
  • Potential deal marks one of the largest takeovers in East Africa and could lead to Bamburi’s delisting from the Nairobi Securities Exchange

 

Tanzania-based conglomerate Amsons Group has made a KES23.59 billion ($183.4 million) bid to acquire the entire stake of Bamburi Cement, marking one of the largest takeover deals in the East African region.

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