Shares of Bamburi Cement have been suspended from trading on the Nairobi Securities Exchange to pave way smooth transition following acquisition of 96.54pc of its issued ordinary shares by Tanzania based Amsons Industries.
Amsons Industries with bid to fully acquire Bamburi Cement, secured 96.54pc issued ordinary shares of the listed Kenyan cement maker.
This acquisition marked a major shift in the ownership of one of Kenya’s cement manufacturer, making Tanzania based Amsons Group a key player in the construction materials sector.
The move to suspend trading of Bamburi Cement shares aligns with regulatory provisions to ensure orderly market operations and protection of investor interests.
The suspension of trading of shres is expected to remain in place until 9th May 2025 during which the company is expected to finalize the next phase of its post-acquisition strategy.
The Nairobi Securities Exchange and Capital Markets Authority are advising shareholders and investors to exercise caution while trading or in deals involving the cement maker’s shares.
