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Seruji buys 60pc stake in Savanna Cement

Savannah Cement Managing Director Ronald Ndegwa.   PHOTO ; STANDARD

Kenya: Seruji Ltd has bought a controlling stake in Savannah Cement. The move has seen the ownership of the newest cement maker transferred to Kenyan owners.

According to a Gazette notice dated March 27, 2015, the Competition Authority of Kenya has approved the proposed acquisition of 60 per cent of the shareholding of Savannah Cement Ltd by Seruji Ltd.

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