Amsons Industries (T) Limited proposed to acquire Bamburi Cement Plc (NASE:BAMB) from a group of shareholders for KES 23.59 billion on July 10, 2024. A cash consideration valued at KES 65 per share will be paid by Amsons Industries (T) Limited. In case of termination of transaction, Amsons Industries (T) Limited will pay a termination fee of KES 683.152538 million.

The transaction is subject to approval by regulatory board / committee, minimum tender of acceptances of 75% or more the offer will evaluate the continue of efficacy of Bamburi remaining listed and may then, subject to approval from CNMA, apply for Bamburi to be De-listed from the NSE and subject to antitrust regulations of COMESA and EAST AFRICAN COMPETITION COMMISSION.