# 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.

- Type: Acquisition
- Announced: 2021-10-27
- Where: Tanga, Tanzania, Tanzania
- Value: $59.0M (137.3B TZS)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Tanga Cement](https://endata.com/companies/58753.md) (target)
- [Scancem International](https://endata.com/companies/58755.md) (acquirer)
- [AfriSam Mauritius Investment Holdings](https://endata.com/companies/58756.md) (partner)

## Sources

- [thecitizen.co.tz](https://www.thecitizen.co.tz/tanzania/news/national/-twiga-cement-s-parent-firm-in-takeover-of-tanga-cement-3597844), 2021-10-27: "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."

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