Namibia: Singapore’s International Cement Group has acquired a 100% stake in Schwenk Namibia for US$104m. Schwenk Namibia owns a 69.8% share of Ohorongo Cement and a 100% share of alternative fuel supplier EFF, according to the Business Times newspaper. The deal is subject to shareholder and regulatory approval. Previously, a subsidiary of International Cement agreed to build a cement plant Almaty, Kazakhstan as part of a joint venture.
International Cement Group buys majority stake in Ohorongo Cement
URL: https://globalcement.com/news/item/8927-international-cement-group-buys-majority-stake-in-ohorongo-cement
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