# HeidelbergCement subsidiary Scancem to acquire 68.33% of Tanga Cement

Scancem International DA, a subsidiary of HeidelbergCement AG, agreed to acquire 68.33% shareholding in Tanga Cement from AfriSam Mauritius Investment Holdings for 137.33 billion Tanzanian shillings, announced in October 2021.

- Type: Acquisition
- Announced: 2021-10-01
- Where: Tanzania
- Value: $59.0M (137.3B TZS)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Scancem International DA](https://endata.com/companies/19663.md) (acquirer)
- [HeidelbergCement](https://endata.com/companies/20595.md) (partner)
- [Tanga Cement](https://endata.com/companies/58753.md) (target)
- [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-bid-to-acquire-tanga-cement-prompts-an-uproar-3853872), 2022-06-20: "Scancem International DA (Scancem), a subsidiary of Heidelberg Cement AG, which owns Twiga Cement, and AfriSam Mauritius Investment Holdings Limited, owner of Tanga Cement, that they had finalised the terms upon which the former would acquire 68.33 percent of shareholding in Tanga Cement."

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