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Article: Kenya: Cement Demand Builds As Firms Tackle Merger.
- Article from:
- TendersInfo
- Article date:
- March 19, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: nitesh03
Every year at the annual general meeting of two leading cement companies, 62-year-old Alois Chami lifts his hand for attention. As one of the most vocal shareholders at the AGM, Chami is today concerned that two separate companies - Bamburi and East African Portland Cement Company (EAPCC) where he has put his money - are working on a merger.
Mr Chami is also a shareholder at the Athi River Mining Company and has reasons to worry.A merger will only benefit Bamburi, which is likely to bulldoze its way into the running of the conglomerate when formed. Bamburi has influence from Lafarge in France and they have great experience in the ...