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Bamburi's major shareholders agree to sell to Tanzania bidder

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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.

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