×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Bamburi's major shareholders agree to sell to Tanzania bidder

Vocalize Pre-Player Loader

Audio By Vocalize

Bamburi Cement Ltd Trucks collects cement from a storage facility in Industrial area, Nairobi. [Stafford Ondego, Standard]

A Tanzanian conglomerate that has bid to acquire Bamburi Cement has received backing from the major shareholders of the Kenyan cement firm.

Holcim, the Swiss-based global building material and aggregates company, has agreed to sell its entire stake in Bamburi Cement to Tanzania's Amsons Industries.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
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
Shipping & Logistics
KMA explains delay in salvaging grounded ship off Nyali beach
Business
Scrap metal dealers decry police harassment, ask for intervention
Business
County workers' pension assets grow to Sh68 billion
Business
Imported sugar undermining local industry, farmers say