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.
Click here for free registration to World Cement
Read the article online at: https://www.worldcement.com/africa-middle-east/20122024/holcim-divests-business-in-kenya/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, we are joined by Eoin Condren, Corporate Development Executive Director for Ecocem. Topics covered include: the importance of investing in innovation, the role of policy and legislation in supporting next generation cement products, and a look at some exciting new technologies.
Sublime Systems and Microsoft sign long-term purchase to transform clean cement market
Microsoft is purchasing up to 623K tons of cement products from Sublime’s first commercial factory and subsequent full-scale factory over a six- to nine-year period.
