Competing Offer – Savannah Clinker Ltd
Competing Offer – Savannah Clinker Ltd
Report Summary
This is a public announcement from Bamburi Cement PLC regarding a competing takeover offer by Savanna Clinker Limited. Savanna Clinker proposes to acquire up to 100% of Bamburi Cement's issued ordinary shares at a cash consideration of KES 70 per share. The announcement provides an introduction to the offer, details about the offeror (Savanna Clinker), and summarizes the financial standing of the competing offeror based on their 2022 and 2023 financial statements.