Scancem International to acquire 68.33% stake in Tanga Cement

Scancem International DA, a subsidiary of HeidelbergCement, agreed to acquire 68.33% of Tanga Cement from AfriSam Mauritius Investment Holdings for Sh137.33 billion. Closing expected in Q2 2022.

“Scancem International DA (Scancem), a subsidiary of Heidelberg Cement AG, which owns Twiga Cement said... that they have finalised the terms upon which the former would acquire 68.33 percent of the shareholding of Tanga Cement.”thecitizen.co.tz

• 1 source
• thecitizen.co.tzTwiga Cement’s parent firm in takeover of Tanga Cement | The CitizenAlex Nelson MalangaOct 27, 2021

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