×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - 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.

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
Shipping & Logistics
Iran war a blessing in disguise for Lamu Port
Business
State roots for value addition to boost industrial output
By Brian Ngugi 10 hrs ago
Business
Kenya eyes new trade deals as Chinese VP lands in Nairobi
Business
How PwC freeze casts shadow on Kenya infrastructure agenda