C
Originally published by Capital Business
📰 Read Full Article
business
November 12, 2025
2h ago

Kalahari Cement acquires 29.2pc stake in East African Portland Cement

Kalahari Cement acquires 29.2pc stake in East African Portland Cement

NAIROBI, Kenya, Nov 12 - Kalahari Cement, a subsidiary of Tanzania’s Amsons Group, has completed the acquisition of a 29.2 percent stake in East African Kenya breaking news | Kenya news today |..

✨ Key Highlights

Kalahari Cement, a subsidiary of Tanzania’s Amsons Group, has finalized the acquisition of a 29.2 percent stake in East African Portland Cement (EAPC). This significant cross-border deal, completed on November 4, 2025, aims to revitalize EAPC's production capacity and market competitiveness.

  • The acquisition involved 26.3 million shares at Sh27.30 per share.
  • Amsons Group Managing Director Edha Nahdi stated Kalahari Cement will inject new capital and technical expertise.
  • The Capital Markets Authority (CMA) approved the transaction as a private acquisition and granted Kalahari Cement an exemption from a mandatory takeover offer.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article