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The Standard Group Plc is a
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East African Portland Cement Company’s (EAPCC) Swiss strategic investor has been asked to either leave over conflict of interest, or fully acquire the struggling firm.
EAPCC’s CEO Kephar Tande, who leaves office in November, may have stoked a major storm on the controversial shareholding matter. Swiss firm LafargeHolcim owns Bamburi Cement and is the single largest shareholder at EAPCC, raising the conflict of interest alluded to.
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