Rwanda: Cimerwa has completed its acquisition of Prime Cement. Cimerwa stated that the purchase of Prime Cement’s assets was an ‘off-market transaction’, denoting a private deal directly with the company. The company will acquire all operational assets of Prime cement, while the government retains any outstanding liabilities.
A statement from Cimerwa reads "Under this agreement, Cimerwa will acquire all assets of Prime Cement, thereby committing to ensuring cement sovereignty in Rwanda."
