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Savannah Clinker Ltd., a Kenyan company, is spearheading one of the largest corporate acquisitions in the history of the Nairobi Securities Exchange (NSE).
With its KES 30 billion bid to acquire Bamburi Cement, the company is setting a historic precedent, not only by offering unmatched financial returns to shareholders but also by reinforcing Kenya’s position as a prime destination for global investors.
Backed by foreign direct investment from the Global Infrastructure Finance & Development Authority, Savannah Clinker’s bid demonstrates a commitment to both local and international stakeholders.
The company’s proposal stands out by offering a 20% premium above rival offers, ensuring exceptional value for the more than 4,000 small investors holding Bamburi Cement shares on the NSE.
Savannah Clinker has also pledged to maintain Bamburi Cement’s NSE listing, a move that guarantees continued liquidity and accessibility for Kenyan investors while preserving the stock’s crucial role in the country’s financial markets.
Savannah Clinker’s bid offers shareholders several distinct advantages. The 20% premium reflects the company’s dedication to delivering maximum returns, a promise that sets it apart from its competitors.
Furthermore, with strong financial backing, Savannah Clinker is ready to finalize the transaction by February 2025, ensuring that shareholders receive their payouts promptly.
By maintaining Bamburi Cement’s listing on the NSE, the company aims to protect shareholder interests while fostering active participation in the stock market.
Beyond shareholder benefits, the acquisition holds significant implications for Kenya’s economy. The KES 30 billion injection of foreign direct investment represents a substantial boost, signaling global confidence in Kenya’s business environment.
By relying on international financing, Savannah Clinker ensures that local banks retain resources for lending to small and medium-sized enterprises, a critical driver of economic growth.
Additionally, the partnership with the Global Infrastructure Finance & Development Authority brings valuable expertise and international credibility to Kenya’s infrastructure development sector.
The acquisition process has been closely monitored by the Capital Markets Authority (CMA) to ensure full compliance with Kenyan laws.
This oversight guarantees transparency and adherence to the highest standards of governance, reinforcing trust in the transaction.
Savannah Clinker’s bid is being hailed as a landmark moment for the NSE and Kenya’s investment landscape.
It sets a new benchmark for foreign-backed deals while demonstrating Savannah’s commitment to keeping Bamburi Cement locally anchored.
At the same time, the infusion of international capital promises transformative economic benefits for Kenya, including infrastructure development and economic resilience.
This acquisition is a win-win for all stakeholders involved. Shareholders will gain superior financial returns, expedited payouts, and the continued accessibility of Bamburi Cement shares on the NSE. For Kenya, the deal signals a brighter future, driven by global partnerships and strengthened by local roots.
Savannah Clinker’s offer is more than an acquisition; it is a bold promise to build a stronger Kenya while delivering unparalleled value to Bamburi Cement shareholders.
This is an opportunity that aligns national pride with global ambition, and one that neither shareholders nor the country can afford to overlook.
