Holcim said it signed an agreement to sell its Ugandan subsidiary, Hima Cement, to the Uganda-based conglomerate Sarrai Group in a deal valued at $120 million.
It will sell its 65-percent stake in Mbeya Cement Company – which is owned by Lafarge Tanzania - to Amsons Group for an undisclosed sum, but industry insiders estimate that the value of the company is around $175 million.
