Players in the industry argue that the merger will be contrary to Tanzania’s competition laws

Cembrit serves mostly the Nordic countries as well as Ireland and Britain

The deal was sealed for EUR 110 million

The company has entered into a binding agreement to buy a 76.45 percent stake

The deal was sealed for USD 46.5 million

The cement company has now a total capacity of 16.3 million tons per year

The business could be valued from USD 800 million to USD 1 billion

With this purchase HeidelbergCement will be participating in the construction of the world’s largest flash calciner, as well as strengthening its presence in Ghana

Hoffmann Green will supply its 0 percent Clinker decarbonized concrete to Bouygues Immobilier as of this year

The deal will enter into force by the first quarter of 2024