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In July 2024, Amsons Group made an offer of TSh475 billion (US$180 million) to acquire all the shareholding in Bamburi Cement in neighboring Kenya. The transaction is gubject to regulatory approval in Kenya.
Bamburi Cement was founded in 1951 by Felix Mandl [4] as a partnership between Cementia Holding and Blue Circle in British Kenya. production from its Mombasa plant in 1954. In 1998, Bamburi opened a clinker grinding plant in [ 2 ]
Marketshare Rankings of Kenya's Cement Companies Rank Company Market share 1: Bamburi Cement Limited: 32.6 2: Mombasa Cement Ltd (MCL) 15.8 3: East Africa Portland Cement Company: 15.1 4: Savannah Cement Limited: 15.0 5: ARM Cement Limited: 13.5 6: National Cement Company Limited: 08.0 Total: 100.00
ARM Cement Limited: Industrials Building materials & fixtures Athi River: 1974 Cement, fertilizers, minerals, mining, KN: ARM: P D Bamburi Cement: Industrials Building materials & fixtures Nairobi: 1951 Cement, KN: BAMB: P A Carbacid Investments: Basic materials Commodity chemicals Nairobi: 1961 Carbon dioxide, KN: CARB: P A Chase Bank Kenya ...
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In November 2023, the Sarrai Group signed binding documentation to buy the 70 percent of Hima Cement Limited that Holcim held in the cement maker, through several subsidiaries including Bamburi Cement of Kenya. The purchase price is reported as US$84 million. The deal requires regulatory approval in Switzerland, Kenya, Uganda and COMESA.
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