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 Clean Power. Multiplied. Accelerating solar infrastructure with R2.1 billion for a resilient, diversified energy market. Absa Corporate and Investment Banking has jointly arranged and financed Anthem’s 475 MW Notsi Solar PV Project, a landmark solar development led by Anthem - a leading independent power producer in South Africa. The total cost for the Notsi Solar PV Project was circa R8.7 billion Read more DEALS Strengthening sustainable mining success Absa Corporate and Investment Banking has supported Tharisa Minerals (Pty) Ltd in advancing its next phase of growth through a multi-currency Platinum Group Metals (PGM) offtake-based Prepayment Facility. Read more DEALS At the forefront of scaling energy progress Absa Corporate and Investment Banking acted as Joint Mandated Lead Arranger, Senior Lender and Hedge Provider on the R3.4 billion financing of Mulilo Energy Holdings’ 219MW Orkney solar PV project. Read more
