Amsons woos shareholders as it steps up Sh23.5b Bamburi buyout bid

Amsons Group Managing Director Edha Nahdi. [Courtesy]

Amsons Group, the Tanzanian business conglomerate, has started its marketing campaign to secure the support of Bamburi Cement shareholders following the release of a shareholder circular on Tuesday.

Through its Kenyan subsidiary and investment vehicle, Amsons Industries (K) Ltd, Amsons intends to invest more than Sh23.5 billion to acquire up to 100 per cent of Bamburi shares at Sh65 per share.