Kalahari Cement Cleared to Acquire Holcim’s 29% Stake in EA Portland
CMA approved Holcim’s 29.2% stake sale in East African Portland Cement to Kalahari Cement at KSh 27.30 per share..
✨ Key Highlights
The Capital Markets Authority (CMA) has approved the sale of Holcim Limited’s 29.2% stake in East African Portland Cement (EAPC) Plc to Kalahari Cement Limited, a Kenyan investment company linked to Tanzania’s Amsons Group.
- The sale price was agreed at KSh 27.30 per share, totaling KSh 718.7 million (USD 5.57 million) for 26.3 million shares.
- Kalahari Cement Limited is a newly incorporated Kenyan entity, ultimately owned by Tanzanian investors through Pacific Cement Limited (90%) and Comercio Et Conseil Limited (10%).
- The CMA granted an exemption from mandatory takeover rules, meaning Kalahari Cement is not required to make an offer to other EAPC shareholders, and has pledged not to delist EAPC.
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Part of the Day's Coverage
JICA Invests $40M in Aavishkaar Capital; CMA Approves EAPC Stake Sale; Access Bank Finalizes NBK Buyout - August 2025
Aavishkaar Capital, an impact investment fund manager, has secured a $40 million investment from the Japan International Cooperation Agency (JICA) for its Global Supply Chain Support Fund to support Kenyan and African SMEs. In another deal, the Capital Markets Authority (CMA) has approved the sale of Holcim Limited’s 29.2% stake in East African Portland Cement (EAPC) Plc to Kalahari Cement Limited. Kalahari Cement is a Kenyan investment company linked to Tanzania’s Amsons Group. Additionally, Access Bank has finalized its acquisition of National Bank of Kenya (NBK). This development coincides with a High Court ruling that provided a partial win for over 130 former NBK employees in their legal battle for pension benefits.
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