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 Empowering African Aviation to Soar Higher Absa Corporate Investment Banking enables strategic fleet reintegration and regional expansion for AELF and SAA with a USD 31 million aircraft refinancing solution. Read more DEALS Energising Progress with Africa’s Largest Standalone Battery Facility We are proud to have played a pivotal role in one of Africa’s most significant energy milestones: the Red Sands Battery Energy Storage Project which is set to become the continent’s largest standalone battery energy storage facility to date to move towards construction. Read more DEALS Supporting expansion in SA’s healthcare property market Absa CIB partners with Growthpoint Healthcare Property Holdings on a R950 million facility to finance healthcare infrastructure. Read more
