×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Tanzania's Amsons Group launches Sh23.1b bid to acquire Bamburi cement

Vocalize Pre-Player Loader

Audio By Vocalize

Bamburi Cement trucks collect cement from a Silo storage facility in Industrial Area, Nairobi. [Stafford Ondego, Standard]

Tanzania's leading manufacturing and energy giant, Amsons Group, has issued a binding offer to acquire up to a 100 per cent stake in Kenya's Bamburi Cement PLC for a total sum of Sh23.1 billion.

Amsons, through its Kenyan subsidiary Amsons Industries (K) Ltd, has issued a notice of intention to launch a public takeover offer to acquire up to 100 per cent of Bamburi's shares at 65 Kenyan shillings per share.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Financial Standard
The directors who never leave: Questions over EADB governance
Business
Kingdom Bank completes core banking rollout with 30th branch
Business
Kenya's motorcycle boom puts skilled mechanics in demand
Real Estate
Crown Paints raises concern over substandard materials amid construction boom