# Delta International FZE to enter cement business via reverse takeover of Nairobi Business Ventures

Delta International FZE, owner of Shreeji Chemicals, is spending Sh83 million to acquire an 84 percent stake in Nairobi Securities Exchange-listed Nairobi Business Ventures (NBV) to enter the cement business. The company plans to commence importation of clinker and progress towards clinker and cement manufacturing with an annual capacity of one million tonnes per annum.

- Type: Investment
- Announced: 2020-10-14
- Where: Kenya, Kenya
- Value: $770K (83.0M KES)
- Status: announced
- Capacity: 1 million tonnes per annum
- Products: cement, clinker
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Delta International FZE](https://endata.com/companies/50524.md) (acquirer)
- [Nairobi Business Ventures](https://endata.com/companies/50525.md) (target)

## Sources

- [businessdailyafrica.com](https://www.businessdailyafrica.com/bd/corporate/companies/shreeji-chemicalsowner-to-enter-cement-business-2481490), 2020-10-14: "Delta International has considered entry into capital markets as a strategic move to maximise its expansion and diversification plans in Africa."

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