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Tanzania's Amsons Group has clinched the deal to purchase Bamburi Cement after its rival, Savannah Clinker, backed by Kenyan businessman Benson Ndeta, pulled out of the contest in mysterious circumstances in the wake of fraud charges leveled against its chairman last week.
The move now paves the way for the Amsons Group, through its local subsidiary, Amsons Industries (K) Ltd to acquire 100 per cent shareholding in the Kenyan cement manufacturer with the backing of the KCB Investment Bank.
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