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News HeidelbergCement to acquire 68% stake in Tanga Cement

HeidelbergCement to acquire 68% stake in Tanga Cement

Written by Global Cement Staff 26 October 2021
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Tanzania: HeidelbergCement has signed an agreement to acquire 68% of Tanga Cement shares. Upon closing the deal in early - mid-2022, the group plans to make a public tender offer for the remaining outstanding shares in Tanga Cement.

HeidelbergCement already owns Tanzania Portland Cement, which operates a 2Mt/yr cement plant in Dar Es Salaam. Tanga Cement’s 1.3Mt/yr Tanga plant is situated in the north of the country.

Last modified on 27 October 2021
Published in Global Cement News
Tagged under
  • Tanzania
  • Tanga Cement
  • HeidelbergCement
  • Tanzania Portland Cement
  • Acquisition
  • GCW529
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