CMA Cautionary Public Announcement
CMA Cautionary Public Announcement
Report Summary
Bamburi Cement PLC issued a cautionary announcement on August 28, 2024, regarding a competing takeover intention from Savanna Clinker Limited. Savanna Clinker aims to acquire all of Bamburi Cement's shares at KES 70 per share, responding to an earlier offer by Amsons Industries. Savanna Clinker, a Kenyan private limited company involved in cement production, has no existing shareholding in Bamburi Cement. Shareholders are advised to exercise caution.