×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

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.

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