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Bamburi Cement has confirmed receipt of a Sh25.4 billion bid from Savannah Clinker to acquire its entire shareholding.
Savannah Clinker, a Kenyan firm, has set out to improve the position of Bamburi Cement shareholders with an offer above the $180 million (Sh23 billion) offer recently placed by a Tanzanian conglomerate, Amsons Group, which is also seeking to acquire the entire Bamburi equity stake.
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