# 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.

- Type: Acquisition
- Announced: 2022-07-04
- Where: Tanzania
- 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

- [africanfinancials.com](https://africanfinancials.com/tanga-cement-company-plc-tanzania-update-on-proposed-takeover-bid-by-scancem/), 2022-07-07: "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."

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