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The Standard Group Plc is a
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Kenya’s cement manufacturing industry could be set for a huge shift after a Tanzanian tycoon made an offer to acquire a significant stake in East African Portland Cement Company Ltd (EAPCC).
Edha Abdallah Munif, the owner of Amsons Group, intends to acquire the 29.2 per cent stake held by Swiss firm Holcim at Sh27.30 per share through a firm - Kalahari Cement, according to the offer advertised on August 1.
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