Tribunal nullifies FCC approval of Scancem's acquisition of Tanga Cement

The Fair Competition Tribunal in Tanzania nullified the Fair Competition Commission's approval of Scancem International's planned acquisition of a 68% stake in Tanga Cement, dated 28 February 2023.

“The Fair Competition Tribunal lamented the ‘mischief prevailing in the market’ in a ruling nullifying the Fair Competition Commission’s approval of Scancem International’s planned acquisition of a 68% stake in Tanga Cement.”globalcement.com

• 1 source
• globalcement.comTribunal nullifies latest Fair Competition Commission approval of Scancem’s acquisition of Tanga Cement - Cement Sector News - Global CementGlobal Cement staffOct 19, 2023

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