Huaxin Cement of China Acquires ARM Cement’s Tanzania Unit

Posted September 27, 2019

Huaxin acquires Maweni Limestone for $116 million, Nairobi-based Business Daily newspaper reports, citing ARM Cement administrator PwC Kenya.

* Transaction is subject to regulatory approval;
* NOTE: Sept. 26, Kenyan Court Throws Out ARM Ex-CEO Case Pushing for Higher Bid. Source: Bloomberg

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