Swiss firm assumes control of Bamburi Cement

Holcim, a Swiss-based global building material and aggregates company is set to acquire an effective control of the local cement maker Bamburi Cement Company (BCL) Ltd. This forms part of the outcomes of the planned merger between Holcim and France-based Lafarge SA, the parent company of Bamburi Cement.

The firm, however, said the proposed combination would not effect any changes to the ownership of Bamburi and the local outfit would remain listed on the Nairobi Securities Exchange (NSE).