Category: Bamburi
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Billionaire Baloobhai doubled Bamburi stake ahead of buyout
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Billionaire investor Balubhai Patel doubled his stake in Bamburi Cement ahead of the announcement of the company’s purchase, boosting his expected gains from the proposed deal. Shareholder filings as at June 30, 2024, show Mr. Patel’s stake in the cement company has risen to 30.52 million shares, or 8.41% of…
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Billionaire Baloobhai doubled Bamburi stake ahead of buyout
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Billionaire investor Balubhai Patel doubled his stake in Bamburi Cement ahead of the announcement of the company’s purchase, boosting his expected gains from the proposed deal. Shareholder filings as at June 30, 2024, show Mr. Patel’s stake in the cement company has risen to 30.52 million shares, or 8.41% of…
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Tanzania’s Amsons makes Sh23bn Bamburi buyout offer
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A Tanzania-based group with interests in energy, construction, food and transport has made a $180 million (Sh23.15 billion) offer to acquire the entire stake in Bamburi Cement in what would be one of the largest takeover deals in East Africa. Amsons Group, a family-owned business with operations in Tanzania, Zambia,…
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Tanzania’s Amsons makes Sh23bn Bamburi buyout offer
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A Tanzania-based group with interests in energy, construction, food and transport has made a $180 million (Sh23.15 billion) offer to acquire the entire stake in Bamburi Cement in what would be one of the largest takeover deals in East Africa. Amsons Group, a family-owned business with operations in Tanzania, Zambia,…