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Construction Materialsworld trade 2024+2.5% 5Y CAGR

Jul 6, 2026ACQUISITIONNamibia

Namibia minister approves Whale Rock Cement's acquisition of Schwenk Namibia

Namibia's mines minister overturned a competition commission block and approved Whale Rock Cement's acquisition of Schwenk Namibia, which holds a 69.83% stake in Ohorongo Cement. Conditions include no job losses and continued operation of the Cheetah Cement plant.

Status

Completed

Productscement

CompaniesWhale Rock Cement acquirer Schwenk Namibia target Ohorongo Cement target

Sectors#Construction Materials

“Whale Rock later said it was considering shutting Cheetah Cement down altogether, citing sustained losses and threatening 87 job cuts.”marketwatch.com.na

1 source
marketwatch.com.naWhale Rock-Schwenk merger approved - Market WatchNov 4, 2026

Summarized from public sources; check the original articles before acting on it.

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