# Holcim to sell Hima Cement in Uganda to Sarrai Group for $120M

Holcim signed an agreement to sell Hima Cement Ltd in Uganda to the Sarrai Group for an enterprise value of USD 120 million.

- Type: Acquisition
- Announced: 2023-11-14
- Where: Uganda
- Value: $120.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Holcim](https://endata.com/companies/15354.md)
- [Bamburi Cement](https://endata.com/companies/15561.md) (partner)
- [Hima Cement](https://endata.com/companies/21582.md) (target)
- [Sarrai Group](https://endata.com/companies/73772.md) (acquirer)
- [Rwimi Holdings](https://endata.com/companies/73794.md) (acquirer)

## Sources

- [holcim.com](https://www.holcim.com/media/media-releases/uganda-tanzania-divestment), 2023-11-14: "Holcim has signed agreements to divest its businesses in Uganda and Tanzania."
- [thesharpdaily.com](https://thesharpdaily.com/bamburi-cement-hima-cement-uganda-sale/), 2023-11-15: "Bamburi Cement PLC has disclosed plans for the sale of a substantial portion of its stake in Hima Cement Limited, a major cement producer in Uganda."

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