Judge blocks Heidelberg Materials' acquisition of Tanga Cement

The Fair Competition Tribunal in Tanzania ruled that the Federal Competition Commission's decision to accept Heidelberg Materials' acquisition of a 68% stake in Tanga Cement from AfriSam was against the law, blocking the deal worth over TZS137 billion.

“The proposed acquisition of AfriSam subsidiary, Tanga Cement, by Heidelberg Material's Scancem International DA has hit a snag as a tribunal judge ruled a decision to accept the deal to be against the law.”cemnet.com

• 1 source
• cemnet.comJudge blocks acquisition of Tanga Cement in TanzaniaAug 22, 2023

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