Kenya’s ARM Cement stake sale

ARM Cement of Kenya is likely to finalise talks with a foreign investor on picking up a US$140 million (€122.92 million) stake in the company by 15 April 2016. Of the total investment, US$110 million will be used by the cement company to repay company debt while the rest will be used for expansion. The investment will be finalised by June 2016.

Quarry Products / April 5, 2016

7789 ARM Cement of Kenya is likely to finalise talks with a foreign investor on picking up a US$140 million (€122.92 million) stake in the company by 15 April 2016.

Of the total investment, US$110 million will be used by the cement company to repay company debt while the rest will be used for expansion.

The investment will be finalised by June 2016.

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ARM Cement