{"id":102211,"date":"2024-12-21T16:55:04","date_gmt":"2024-12-21T13:55:04","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=102211"},"modified":"2024-12-21T15:25:20","modified_gmt":"2024-12-21T12:25:20","slug":"holcim-sells-58-6-bamburi-cement-stake-to-amsons-group","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2024\/12\/holcim-sells-58-6-bamburi-cement-stake-to-amsons-group\/","title":{"rendered":"Holcim sells 58.6% Bamburi Cement stake to Amsons Group"},"content":{"rendered":"

NAIROBI, Kenya, Dec 21 \u2013 Global cement giant Holcim has sold its entire 58.6% stake in Bamburi Cement Limited to Tanzania\u2019s Amsons Group for $100 million, citing alignment with its core market strategy.<\/strong><\/p>\n

The acquisition, approved by 96.54% of Bamburi shareholders, marks Amsons Group\u2019s formal entry into Kenya\u2019s market.<\/p>\n

Managing Director Edha Nahdi pledged to expand into sectors like energy, food manufacturing, and logistics.<\/p>\n

This divestment advances Holcim\u2019s focus on innovative and sustainable building solutions while positioning Amsons as a key player in Kenya\u2019s cement industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

NAIROBI, Kenya, Dec 21 \u2013 Global cement giant Holcim has sold its entire 58.6% stake in Bamburi Cement Limited to Tanzania\u2019s Amsons Group for $100 million, citing alignment with its core market strategy. The acquisition, approved by 96.54% of Bamburi shareholders, marks Amsons Group\u2019s formal entry into Kenya\u2019s market. Managing Director Edha Nahdi pledged to […]<\/p>\n","protected":false},"author":14393,"featured_media":60201,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[21279,4658,934,2835,9223,5361],"coauthors":[8248],"class_list":["post-102211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kenya","tag-amsons-group","tag-bamburi-cement","tag-featured","tag-holcim","tag-sells","tag-stake"],"yoast_head":"\nHolcim sells 58.6% Bamburi Cement stake to Amsons Group - Capital Business<\/title>\n<meta name=\"description\" content=\"NAIROBI, Kenya, Dec 21 \u2013 Global cement giant Holcim has sold its entire 58.6% stake in Bamburi Cement Limited to Tanzania\u2019s Amsons Group for $100 million, Kenya breaking news | Kenya news today |\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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