EAPCC denies reports of potential acquisition

EAPCC denies reports of potential acquisition
22 January 2019

Kenya’s East African Portland Cement Co (EAPCC) has denied recent reports that it was in early-stage talks with LafargeHolcim about a potential acquisition.

"It has never featured in any board discussions," said the company’s head of financial management, Stephen Nthei, in an interview with Bloomberg. "I don’t think it’s a considerable move given the current shareholding structure."

Lafarge currently holds a 41.7 per cent stake in EAPCC. However, the majority shareholders are the Kenyan government and the National Social Security Fund with a combined 52 per cent stake.

Published under Cement News