Holcim to sell its cement businesses in Tanzania and Uganda
18 November 2023
Swiss cement-maker Holcim has announced plans to sell its subsidiaries in Tanzania and Uganda.
Hima Cement, the Ugandan business, will be sold to local conglomerate Sarrai Group for $120m.
Holcim will sell its 65% share in the Mbeya Cement Company in Tanzania to Amsons Group for an undisclosed amount.
Martin Kriegner, Holcim’s regional head, said: “These divestments advance our strategy to consolidate our leadership in core markets as the global leader in innovative and sustainable building solutions.
“With the Sarrai Group and Amsons Group, we are pleased to have found strategic and trusted partners who are best positioned to develop these businesses in the long term.”
The two divestments are subject to regulatory approval.
Related
-
WABAG awarded O&M contract for sewage treatment plant in Bahrain
26 August 2025
-
Japan’s Taisei offers $878m to buy rival Toyo Construction
22 August 2025
-
Foster + Partners designs “green oasis” for Seoul
21 August 2025
-
South African utility unveils renewable energy offtake program
21 August 2025
-
Saudi Arabia's Neom seeks firms for Oxagon highway upgrade
21 August 2025
-
Egypt, China’s Ankura discuss localizing high-voltage cable industry
20 August 2025