# 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.

- Type: Acquisition
- Announced: 2023-08-22
- Where: Tanzania
- Value: $55.0M (137.0B TZS)
- 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

- [cemnet.com](https://www.cemnet.com/News/story/175420/judge-blocks-acquisition-of-tanga-cement-in-tanzania.html), 2023-08-22: "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."

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