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News Bamburi Cement completes divestment of Hima Cement

Bamburi Cement completes divestment of Hima Cement

Written by Global Cement staff 13 March 2024
  • Print

Uganda: Kenya-based Bamburi Cement has completed its US$84m sale of its subsidiary Hima Cement to a consortium comprising Sarrai Group and Rwimi Holding. The transaction completed in early March 2024 following regulatory and shareholder approval, according to the Business Daily newspaper. Bamburi Cement’s intention to sell Hima Cement was first announced in November 2023. Holcim held a 70% share and Cementia Holding held a 30% share in Hima Cement. Both companies have sold their full stakes to the new owners.

Published in Global Cement News
Tagged under
  • Uganda
  • Bamburi Cement
  • Divestments
  • Hima Cement
  • Kenya
  • GCW650
  • Sarrai Group
  • Rwimi Holding
  • Holcim
  • Cementia Holding

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