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Amsons Group to squeeze out Bamburi minority shareholders

Bamburi Cement Ltd Trucks collects cement from a Silo, a storage facility in Industrial area, Nairobi. [File, Standard]

Tanzania’s Amsons Group has extended its offer to buy out the minority shareholders of Bamburi Cement who declined to take up its earlier offer in which it acquired a 96.5 per cent stake in the cement producer. 

The firm, which has interests in manufacturing and energy, sought to buy the entire stake from different Bamburi Cement shareholders.

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