Tanzanian conglomerate to pay Kenya cement firm shareholders $5.31 million if it walks out of proposed deal

Amsons pic

Mr Edha Nahdi, Amsons Group managing director. PHOTO  | COURTESY

What you need to know:

  • Amsons Group, a family-run business with operations in diverse markets in East Africa, including Tanzania, Zambia, Malawi, and Mozambique, said last Thursday that the proposed deal to acquire the entire stake in Bamburi for Ksh23.59 billion includes a $5.31 million break fee.