Dar es Salaam. The merger between Scancem International DA and Tanga Cement Public Limited Company took a new twist on Monday this week when the Fair Competition Tribunal (FCT) nullified a decision by the Fair Competition Commission (FCC), which approved the deal.
On September 23, 2022, the FCT delivered a judgement that quashed and set aside the FCC’s decision dated April 6, 2022, to approve with conditions merger notifications by Scancem International DA and further prohibited the merger between Scancem International DA and Tanga Cement Public Limited Company.
