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 Bridging markets to unlock bold ambitions Absa Corporate and Investment Banking (CIB) acted as the sole South African bank appointed as Global Coordinator, Joint Bookrunner and Dealer Manager in the successful issuance of a US$500 million international bond for Bidvest. Read more DEALS Advancing greener goals with solar progress At Absa CIB, we believe progress is measured not only by what we build, but by the future we help shape. That’s why our R2.2 billion financing of Red Rocket’s Tournee solar project goes beyond infrastructure – it’s accelerating South Africa’s renewable energy transition for lasting impact. Read more DEALS Innovative Benchmark Solutions Advancing Oil Supply Growth We structured a unique ZARONIA-linked debt facility, to foster supply chain resilience and drive innovation in the South African FMCG sector. Read more
