HeidelbergCement to acquire 68% stake in Tanga Cement

Print this page

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

URL: https://globalcement.com/news/item/13182-heidelbergcement-to-acquire-68-stake-in-tanga-cement

© 2022 Pro Global Media Ltd. All rights reserved.