# Amsons Group to acquire Bamburi Cement for $180 million

Tanzanian conglomerate Amsons Group, through its Kenyan subsidiary Amsons Industries (K) Ltd, announced plans to acquire a 100% stake in Kenya's Bamburi Cement PLC for $180 million, at 65 Kenyan shillings per share.

- Type: Acquisition
- Announced: 2024-07-12
- Where: Kenya
- Value: $180.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Holcim](https://endata.com/companies/15354.md) (partner)
- [Bamburi Cement](https://endata.com/companies/15561.md) (target)
- [Amsons Group](https://endata.com/companies/73773.md) (acquirer)

## Sources

- [businessempires.africa](https://businessempires.africa/amsons-group-the-tanzanian-company-behind-the-180m-kenyas-bamburi-cement-buyout/), 2024-07-12: "Our offer to acquire shares in Bamburi is part of our corporate market expansion plan and will mark the formal entry of Amsons Group into the Kenyan market."
- [dailynews.co.tz](https://dailynews.co.tz/tz-conglomerate-launches-record-bid-to-acquire-kenyan-cement-firm/), 2024-07-12: "This investment aligns with our regional growth strategy and commitment to East Africa's economic development and market integration."

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