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News Savannah Cement acquired for US$29.4m

Savannah Cement acquired for US$29.4m

Written by Global Cement staff 27 August 2025
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Kenya: A group of four flour mill owners and associates has acquired Savannah Cement for US$29.4m, according to local press. The producer had been under administration for two years after it owed lenders KSB and Absa Bank debts of US$108m. The Competition Authority of Kenya approved the deal on 25 August 2025 without conditions, saying it posed no competition or public interest concerns.

Last modified on 27 August 2025
Published in Global Cement News
Tagged under
  • Kenya
  • Savannah Cement
  • Acquisition
  • Bankrupt
  • Sale
  • Competition Authority of Kenya
  • Middle East and Africa
  • GCW724

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