# 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.

- Type: Acquisition
- Announced: 2023-10-19
- Where: Tanzania
- Status: cancelled
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Tanga Cement](https://endata.com/companies/58753.md) (target)
- [Scancem International](https://endata.com/companies/58755.md) (acquirer)

## Sources

- [globalcement.com](https://www.globalcement.com/news/17110-tribunal-nullifies-latest-fair-competition-commission-approval-of-scancem-s-acquisition-of-tanga-cement), 2023-10-19: "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."

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