Kenya has accepted a bid by Tanzanian Amsons Group to acquire 100 percent shares of Bamburi Cement for Ksh 23.9 billion.
Confirming the news was the company itself which said that it had successfully fulfilled all key regulatory requirements.
“Amsons Group is pleased to announce that as of Monday 25th November 2024, it’s offer to acquire up to 100% of the shares in Bamburi Cement PLC became unconditional. This pivotal milestone underscores the strength and credibility of Amson’s offer following the successful fulfillment of all key regulatory conditions.” said Amsons Group
The deal which which is set to be sealed on Thursday 5th December 2024 will be backed by KCB Investment Bank before the group can usher in a new and vibrant Bamburi Cement as revealed through the statement.
“With the offer set to close on Thursday 5th December 2024, Amsons is fully prepared to finalize the transaction and usher in a new era of growth for Bamburi Cement Plc.
Backed by KCB Investment Bank, Amsons is dedicated to ensuring a smooth process including prompt payment to shareholders who accept Amsons offer, providing them with the ability to realise the value of their investment in Bamburi Cement Plc.” read the statement
