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 Connecting African Growth with Global Capital Absa Corporate and Investment Banking supported Ecobank Transnational Inc.’s (ETI) landmark $125 million Eurobond Tap - the first African financial institution issuance in international markets following the tariff-related US market disruption. Read more DEALS Driving Impact Through Purposeful Capital At Absa Corporate and Investment Banking, we believe that sustainable investment is key to long-term economic resilience. Our support of LeapFrog Investments reflects our belief in creating measurable impact - across ESG, economic, and community outcomes, by backing businesses that are accelerating growth across emerging markets. Read more DEALS Charging Progress in Green Energy The R3.8 billion wind energy transaction will finance the design, development, construction, operation, and maintenance of a 150MW wind project that will generate clean energy for Discovery Green - advancing the just energy transition we are proud to support. Read more
