Holcim divests business in Kenya
Published by Alfie Lloyd-Perks,
Editorial Assistant
World Cement,
Holcim has closed the divestment of its business in Kenya through a sale to Amsons Group of its entire 58.6% stake in Bamburi Cement Limited, resulting in cash proceeds of more than US$100 million for Holcim.
The divestment advances Holcim’s strategy to consolidate its leadership in core markets as the global leader in innovative and sustainable building solutions, with Amsons Group best positioned to develop the business in Kenya in the long term.
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Read the article online at: https://www.worldcement.com/africa-middle-east/20122024/holcim-divests-business-in-kenya/
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