# Scancem International's acquisition of Tanga Cement approved by Tanzanian government

The Tanzanian government has approved the acquisition of a majority stake in Tanga Cement by Scancem International DA, a subsidiary of Heidelberg Materials, for $400 million investment. The deal was re-approved in February 2023 after an initial rejection.

- Type: Acquisition
- Announced: 2023-05-10
- Where: Tanga, Tanzania
- Value: $400.0M
- Jobs: 3,000
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Heidelberg Materials](https://endata.com/companies/15605.md) (acquirer)
- [Scancem International DA](https://endata.com/companies/19663.md) (acquirer)
- [AfriSam Group Limited](https://endata.com/companies/22159.md) (partner)
- [Tanga Cement](https://endata.com/companies/58753.md) (target)
- [Scancem International](https://endata.com/companies/58755.md) (acquirer)

## Sources

- [dailynews.co.tz](https://dailynews.co.tz/were-not-frustrating-investors/), 2023-05-10: "The 942bn/- investment capital will enable the factory to increase production capacity enough to facilitate the supply of cement in the East African Community (EAC) bloc and the African Continental Free Trade Area (AfCFTA) in general."
- [globalcement.com](https://www.globalcement.com/news/16365-tanzanian-government-explains-approval-of-acquisition-of-tanga-cement-by-heidelberg-materials), 2023-05-10: "Scancem International, a subsidiary of Heidelberg Materials, agreed to buy a 68% share of Tanga Cement from AfriSam for around US$59m."

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