Tanzania’s Amsons Group has extended its offer to buy out the minority shareholders of Bamburi Cement who declined to take up its earlier offer in which it acquired a 96.5 per cent stake in the cement producer. 

The firm, which has interests in manufacturing and energy, sought to buy the entire stake from different Bamburi Cement shareholders.

At the time, Holcim owned 58.6 percent of the company. However, a few shareholders, with a combined stake of 3.46 per cent, did not accept the offer of Sh65 per share.