Row rect Shape Decorative svg added to bottom Strengthening Kenya’s Cement Industry Through Strategic Partnerships Absa | Corporate and Investment Banking > Insights and Events > Strengthening Kenya’s Cement Industry Through Strategic Partnerships SHARE We’re proud to have served as the exclusive sell-side financial adviser to Holcim Group in the $180 million sale of Bamburi Cement PLC to Amsons Group. This landmark transaction will enable Holcim Group to focus on consolidating its leadership in core markets as the global leader in innovation and sustainable building solutions. As financial adviser, Absa played a pivotal role in facilitating the successful sale of Bamburi Cement PLC, a company listed on the Nairobi Securities Exchange, by Holcim Group. This transaction will support Amsons Group ambitions to unlock new growth opportunities within Kenya’s cement sector, driving industry expansion and economic development. With our deep expertise in regional markets and industry dynamics, we assisted Holcim in realising value for its majority stake in Bamburi Cement, as part of its portfolio optimisation strategy. Holcim Group through this transaction, seeks to realign its portfolio to reallocate capital and resources to markets that better align with its long-term objectives. Our insights in the cement industry and expert management of the M&A process, ensured a seamless and value-driven transaction, reinforcing our ability to deliver fair, compliant, and strategic outcomes. This transaction follows a similar deal we executed for Holcim Group in Zimbabwe. This deal highlights Absa’s leadership in M&A, in the African cement and ability to execute complex transactions, reinforcing our role as a strategic adviser. Contact us for more information More on Investment Banking https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Building Namibia’s fiscal strength through purpose-led partnership Supporting the Government of the Republic of Namibia with a ZAR 1.5 billion facility that enables Eurobond repayment obligations and strengthens domestic fiscal resilience. Read more DEALS Distributed Energy. Powering Africa’s low-carbon leap Absa supports CrossBoundary Energy’s $225 million capital raise, contributing up to $100 million to expand renewable infrastructure, enable the mining of critical transition metals such as copper, and extend energy access across underserved African markets. Read more DEALS Seeding success through inclusive partnerships Absa has partnered with HEINEKEN Beverages on a R1.2 billion initiative to support black-owned SMEs across South Africa. As the Fund Administrator, Debt Funder, and Strategic Enabler, Absa will manage two development funds - the Supplier Development Fund and the Enterprise Development Fund to empower at least 125 black-owned SMEs. Read more
