Tanzania’s Amsons Group, a prominent family-owned conglomerate, has made a substantial offer of $182.89 million (KES23.59 billion) to acquire a 100% stake in Kenya’s Bamburi Cement from Swiss multinational Holcim.

• Bid Details:Launched through its Kenyan subsidiary, Amsons Industries (K) Ltd, the offer is $0.51 (KES65) per share.
  This represents a 44.44% premium on Bamburi's closing share price on Wednesday.
  
• Strategic Move:Amsons aims to cement its position as a leading player in East Africa through this acquisition.
  Edha Nahdi, Managing Director of Amsons, emphasized plans for further investments in Kenya and other industries in the region.
  
• Company Background:Founded in 2006, Amsons operates in sectors like cement, real estate, oil and gas, and wheat flour across several African countries.
  The company boasts an annual turnover of over $1 billion.
  
• Holcim’s Divesture:The acquisition bid follows Holcim's sale of its 65% stake in Tanzania’s Mbeya Cement Company to Amsons in November 2023.
  This move signals Holcim’s continued divestment from the East African market.
  
• Bamburi Cement's Market Position:As the largest cement manufacturer in Kenya, Bamburi controls about 30% of the market share.
  The acquisition could lead to Bamburi’s delisting from the Nairobi Securities Exchange (NSE).
  

This significant investment underscores the growing importance of foreign direct investment in fostering economic growth in East Africa. 🌍💼

By expanding its footprint through strategic acquisitions, Amsons Group is set to become a dominant force in the regional market, promising substantial economic benefits and growth potential for Kenya. 📈🌟

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