Tanzania-based conglomerate with diverse interests in energy, construction, food and transport has made a $180 million bid to acquire the entire stake of Bamburi Cement in what will mark one of the largest takeover deals in the East African region.
Amsons Group, which is a family-run business with operations in Tanzania, Zambia, Malawi, Mozambique, Democratic Republic of Congo and Burundi said Wednesday it has signed a binding offer with Bamburi Cement. The deal could see Bamburi, one of Kenya’s iconic blue-chip companies, delisted from the Nairobi Securities Exchange.
