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Seruji Ltd to sell Savannah Cement stake to Mauritian firm

Savannah Cement Plant at Athi River. [File, Standard]

A Mauritian firm is set to acquire a controlling stake in local cement producer Savannah Cement.

Barak Asset Recovery Limited has started the process of acquiring a 60 per cent stake in Savannah Cement that is owned by Seruji Ltd, a company associated with Kenyan businessman Benson Ndeta.

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