Ohorongo in sale talks

11 March 2019 | Business

Singaporean company International Cement is in talks to acquire 100% of the share capital of Schwenk Namibia, the majority shareholder in Ohorongo Cement, in a deal worth US$226.9 million.
International Cement Group says it has entered into a conditional sale and purchase agreement to acquire a 100% stake in Schwenk Namibia for US$246.29 million, Singapore-based Strait Times reported. This equates to approximately N$3.5 billion.
Read full story in tomorrow’s Namibian Sun.

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