AMSONS Group receives COMESA approval to acquire Bamburi Cement

Tanzania's AMSONS Group received regulatory approval from the COMESA Competition Commission for its proposed acquisition of up to 100% of Bamburi Cement for $180 million (KES23.3 billion). The commission determined the merger does not pose a competition risk.

“It is unlikely that the proposed merger will lead to the creation of a dominant position that would enable the parties to engage in unilateral conduct in the market.”theexchange.africa

• 2 sources
• theexchange.africaAMSONS Group Gets Comesa Nod To Acquire Bamburi CementJack OduorNov 14, 2024
• globalcement.comAmsons Group’s takeover of Bamburi Cement approved - Cement Sector News - Global CementGlobal Cement staffNov 22, 2024

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