×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - 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.

Uncover the stories others won't tell. Subscribe now for exclusive 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
Sci & Tech
Kenyan students scoop historic Grand Prize at Huawei's ICT global competition
By Brian Ngugi 17 hrs ago
Business
Business activity dips in May amid deepening economic crisis
Sci & Tech
Tech firms rush to put small shops online as market race intensifies
Business
Kenyan elected to global intellectual property enforcement body