Tanzania competition tribunal blocks Heidelberg Materials' acquisition of Tanga Cement stake

The Fair Competition Tribunal in Tanzania blocked Heidelberg Materials' attempt to buy a 68% stake in Tanga Cement for around US$59m, ruling it contrary to law. The parties are considering how to proceed.

“The FCT ruling has placed the acquisition at great risk of not being implemented.”globalcement.com

• 1 source
• globalcement.comCompetition body blocks Heidelberg Materials’ acquisition of majority stake in Tanga Cement - Cement Sector News - Global CementGlobal Cement staffOct 12, 2022

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