# East African Portland Cement plans to raise Sh45 billion via land sale and rights issue

East African Portland Cement Company (EAPCC) is in discussions with the Kenyan government to sell some of its 14,000 acres of idle land and launch a rights issue to raise up to Sh45 billion. The funds will be used to repay debt and invest in new plants and upgrade its existing factory.

- Type: Investment
- Announced: 2017-02-08
- Where: Athi River, Kenya
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [East African Portland Cement Company](https://endata.com/companies/22060.md)

## Sources

- [businessdailyafrica.com](https://www.businessdailyafrica.com/bd/corporate/companies/portland-cement-woos-state-with-land-in-bid-for-sh45bn-2138898), 2017-02-08: "The government is interested in the non-operational land owned by EAPCC and EAPCC is interested in extracting value from its idle assets to support implementation of its turnaround plan."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.