At least 96.54% of shareholders of Bamburi Cement accepted to have their shares bought by Amsons Group, through its Kenyan subsidiary and investment vehicle, Amsons Industries (K) Ltd.
Amsons Group offered Kshs 65 per share to buy all Bamburi Cement shares.
“This acquisition aligns with our strategy to expand into specialized cement manufacturing and complements our broader growth objectives. With Bamburi Cement now part of the Amsons family, we anticipate creating significant mutual benefits through this integration,” Amsons Group Managing Director, Edha Nahdi said.
Nahdi says the Amsons Group plans to diversify into more sectors in Kenya, including energy, food manufacturing, warehousing, and logistics.
“This acquisition not only marks our formal entry into the Kenyan market but also reinforces our long-term vision to grow across multiple industries in East Africa,” he said.
Amsons Group, founded in 2006 in Tanzania, has operations span cement manufacturing, fuel distribution, food processing, and logistics.