Scancem extends deadline for Tanga Cement takeover bid to August 31

Scancem International DA, a subsidiary of HeidelbergCement, has extended the deadline for fulfilling conditions of its proposed acquisition of AfriSam's 68.33% stake in Tanga Cement Company from June 30, 2022 to August 31, 2022. The deal is not yet certain.

“Afrisam and Scancem have finalised an addendum to the SPA extending the date for fulfilment or, if applicable, waiver of the Conditions from 30 June 2022 to 31 August 2022.”africanfinancials.com

• 1 source
• africanfinancials.comTanga Cement Company Plc (Tanzania) - Update on proposed takeover bid by ScancemAfricanFinancials Digital TeamJul 7, 2022

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