Competition authority approves Cemtech’s acquisition by Simba Cement Limited

KENYA – The Competition Authority of Kenya (CAK) has approved the acquisition of Cemtech Limited a Kenyan cement business by Simba Cement Limited in a move that is set revamp the factories operations after several failed attempts to start operations. The regulator gave Simba Cement, a subsidiary of the Devki Group of Companies, the go-ahead to buy 100 percent of the business and assets of Cemtech owned by Indian conglomerate Sanghi Group. According to a reports by Business Daily Devki Group will acquire all Cemtech’s land, intellectual property, business records,…

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