# 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.

- Type: Acquisition
- Announced: 2022-10-12
- Where: Tanzania
- Value: $59.0M
- Status: cancelled
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Heidelberg Materials](https://endata.com/companies/15605.md) (acquirer)
- [AfriSam Group Limited](https://endata.com/companies/22159.md) (partner)
- [Tanga Cement](https://endata.com/companies/58753.md) (target)

## Sources

- [globalcement.com](https://www.globalcement.com/news/15410-competition-body-blocks-heidelberg-materials-acquisition-of-majority-stake-in-tanga-cement), 2022-10-12: "The FCT ruling has placed the acquisition at great risk of not being implemented."

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