Holcim: sells activities in Kenya
(CercleFinance.com) - Holcim has divested its Kenyan operations through the sale of its entire 58.
6% stake in Bamburi Cement Limited to Amsons Group, generating over $100m in cash for the company.
This sale is in line with Holcim's strategy to reinforce its leadership in its key markets as the global leader in innovative and sustainable construction solutions, with Amsons Group ideally positioned to develop the business in Kenya over the long term.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
6% stake in Bamburi Cement Limited to Amsons Group, generating over $100m in cash for the company.
This sale is in line with Holcim's strategy to reinforce its leadership in its key markets as the global leader in innovative and sustainable construction solutions, with Amsons Group ideally positioned to develop the business in Kenya over the long term.
Copyright (c) 2024 CercleFinance.com. All rights reserved.