Amsons Industries (T) Limited proposed to acquire Bamburi Cement Plc from a group of shareholders for KES 23.59 billion.
The transaction is subject to approval by regulatory board / committee, minimum tender of acceptances of 75% or more the offer will evaluate the continue of efficacy of Bamburi remaining listed and may then, subject to approval from CNMA, apply for Bamburi to be De-listed from the NSE and subject to antitrust regulations of COMESA and EAST AFRICAN COMPETITION COMMISSION.