×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

ARM Cement assets sold for Sh5 billion

Former Athi River Mining MD Pradeep Paunrana

NAIROBI, KENYA: ARM Cement has signed a Sh5 billion deal for the transfer of its business to the National Cement Company.

Under the Tuesday deal, National Cement will acquire all cement and non-cement assets and business of ARM Cement PLC in Kenya as a going concern (the “Transaction”) for a purchase price consideration of USD 50M (Sh5 billion).

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in