Aliko Dangote, Africa’s richest man and owner of Dangote cement in Nigeria, has revealed to be among bidders for Kenya’s struggling ARM; a cement maker company currently under the administration of accounting firm Price water house Coopers (PwC).
The Nigerian business man, without naming the acquisition target; which in his opinion fits the ARM company, said he is in talks over buying it. “There is a company which has operations in Tanzania, Kenya and Rwanda which we are in talks with to see if we can take it over,” he adds.
ARM Cement
ARM portfolio in Kenya includes a clinker and cement grinding plant in Kaloleni and a cement grinding plant at Athi River. The company also manufactures imports and sells cement in Rwanda through its wholly owned subsidiary, Kigali Cement Company. In Tanzania, ARM runs limestone, clinker and cement plants through its subsidiaries, Maweni Limestone Limited and ARM Tanzania.
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