Battle: Dar es Salaam vs Nairobi

Battle: Dar es Salaam vs Nairobi

Tanzania’s Amsons makes $180m Kenya's Bamburi buyout offer​

WEDNESDAY JULY 10 2024​

cement

Bamburi Cement plant in Mombasa County, Kenya. PHOTO | WACHIRA MWANGI | NMG

alushula

By PATRICK ALUSHULA
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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.

Amsons Group Managing Director Edha Nahdi said the proposed deal will deepen the group’s position in the cement sector in East Africa as part of the regional economic development and market integration ideals.

“We have great plans to deepen our investment in Kenya and in Bamburi,” said Mr Nahdi on the impending deal.

“Our offer to acquire shares in Bamburi is part of our corporate market expansion plan and will mark the formal entry of Amsons Group into the Kenyan market, where we plan to make investments in other industries in the coming months.”

The group issued the notice of intention to launch the public take-over offer through its Kenyan subsidiary and investment vehicle, Amsons Industries (K) Ltd, in a deal that will see Bamburi shareholders paid Ksh65 ($0.51) per share.

At Ksh65 ($0.51)per share, Amsons’ cash offer represents a premium of Ksh20 ($0.16) per share or 44.4 percent gain, given that Bamburi share closed Wednesday trade at the NSE at Ksh45 ($0.35) a share.

Bamburi is majority-owned by Holcim through two investment vehicles—Fincem Holding Limited and Kencem Holding Limited—with a combined stake of 58.3 percent.

“This agreement to sell our stake in Bamburi Cement advances Holcim’s strategy of extending our leadership in our core markets as the global leader in innovative and sustainable building solutions,” said Martin Kriegner, regional head of Asia, Middle East & Africa at Holcim.

Amsons Group was founded in 2006 in Tanzania and now has more than $1 billion in annual turnover. Its main business operations historically involved bulk oil and petroleum products importation under the Camel Oil Tanzania retail brand.

The group has, over time, grown its portfolio in the manufacturing sector with a 6,000 metric tonnes per day cement manufacturing capability, including through the recently acquired Mbeya Cement facility.

www.theeastafrican.co.ke

Tanzania’s Amsons makes $180m Kenya's Bamburi buyout offer

Amsons Group is a family-run business with operations in Tanzania, Zambia, Malawi, Mozambique, DRC and Burundi.
www.theeastafrican.co.ke www.theeastafrican.co.ke


MY TAKE
Wanaume kazini! Tuone atakayepinga hili!

BTW wameshaanza chuki japokuwa Holcim ndo wameamua ku-divest EA!

View: https://x.com/cobbo3/status/1811078292872556845


View: https://x.com/cobbo3/status/1811089050855706935
 
RRONDO said:
Roads toward Mkapa
1. MANDELA ROAD dual carriageway with service roads both sides
2.KILWA ROAD 6 lane road plus service road both sides(2/6 BRT)
3.KAWAWA ROAD with BRT as well
Now compare Ngong road with any of those 3 roads.
Kuhusu surrounding Mkapa stadium imezungukwa na Kambi ya Jeshi,Teacher's college,Kambi ya Jeshi ingine na Chang'ombe. area.
Click to expand...
Umesahau kumwambia kuwa hizo barabara zote ni 6 lanes.
 
ChoiceVariable said:
Kwani wewe ukiona ni wrong direction kuna tatizo? Wengine si tunaona tuko kwenye right track in Jiwe's voice.

Uzuri ni kwamba kwenye Uchumi Kuna kitu kinaitwa kukubaliana kutofautiana, uchumi sio formula za Sayansi.

Mwisho kwani wewe ndio Kipimo? 😂😂😂😂😂😂😂😂😂😂😂👇👇

View: https://twitter.com/TanzaniaInvest/status/1811276074283597973?t=UyO3-vd6z73jvJb73PCgpw&s=19
Click to expand...

Naomba unioneshe maendeleo ya mradi phase 3 and 4 and 6 ya SGR ambayo mikataba ilisainiwa 2yrs ago na pesa zimekopwa

SASA tuoneshe maendeleo ya mradi plz😅😅

Au tuendelee kusifia ???
 
ChoiceVariable said:
🇹🇿 Iko kwenye Wrong direction,alisikika Suku gang mmja ambae ni hater wa saa 💯 akijirariji 😂😂😂😂
Click to expand...
So amsons group ni serekali ??😅😅😅

Nimekuuliza swali dogo Sana unaruka ruka hapa 😅😅👇👇👇👇👇
ichoboy01 said:
Naomba unioneshe maendeleo ya mradi phase 3 and 4 and 6 ya SGR ambayo mikataba ilisainiwa 2yrs ago na pesa zimekopwa

SASA tuoneshe maendeleo ya mradi plz😅😅

Au tuendelee kusifia ???
Click to expand...
 
ichoboy01 said:
Naomba unioneshe maendeleo ya mradi phase 3 and 4 and 6 ya SGR ambayo mikataba ilisainiwa 2yrs ago na pesa zimekopwa

SASA tuoneshe maendeleo ya mradi plz😅😅

Au tuendelee kusifia ???
Click to expand...
Kipaombele kulikuwa Sgr kufika Dom na JNHPP kukamilika na tayari,from this financial years tegemea hizo lots kuanza kukimbia Sasa.

By the way maendeleo sio Sgr tuu ,Kuna huku pia mambo ni 🔥🔥👇👇

View: https://www.instagram.com/p/C9Rfq62RJP5/?igsh=MXY4bGNsNHZxejhoOA==
 
ChoiceVariable said:
Kipaombele kulikuwa Sgr kufika Dom na JNHPP kukamilika na tayari,from this financial years tegemea hizo lots kuanza kukimbia Sasa.

By the way maendeleo sio Sgr tuu ,Kuna huku pia mambo ni 🔥🔥👇👇

View: https://www.instagram.com/p/C9Rfq62RJP5/?igsh=MXY4bGNsNHZxejhoOA==
Click to expand...

Naulizia mradi wa SGR phase 3,4 and 6 ambayo imesainiwa 2 yrs ago na pesa zimekopwa zakutisha, mradi umefikia wapi naomba majibu plz 😅😅😅😅😅😅😅

Au tuendelee kusifia ??
 
ichoboy01 said:
Naulizia mradi wa SGR phase 3,4 and 6 ambayo imesainiwa 2 yrs ago na pesa zimekopwa zakutisha, mradi umefikia wapi naomba majibu plz 😅😅😅😅😅😅😅

Au tuendelee kusifia ??
Click to expand...
Peza zimekopwa za kutisha Kwa Ajili ya hizo lots za Sgr au unapayuka tuu?

Kuna Mkopo Huwa inakopwa bila kusema utakachofanya?

Mwisho hizo Sgr zako ni kipaombele Cha nani hasa?
 
ichoboy01 said:
Barabara ya buguruni kwenda boma mataa mumeona ujenzi wake WA BRT ??

Wameweka njia moja ya magari ya kwenda kwenye Barabara kubwa kama Ile alaf wanaacha nafasi kubwa pembeni, nimestaajabu Sana
Click to expand...
Ni kama Msimbazi mkuu itakuwa poa tu kama ilivyokuwa awali, nafikiri nafasi ni finyu kuweka dual na brt
 
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