The Capital Markets Authority (CMA) has granted Kalahari Cement Limited an exemption from making a mandatory takeover offer in its planned acquisition of a significant stake in East African Portland Cement Plc (EAPC).
Kalahari Cement, which was incorporated in Kenya on May 27, 2025, intends to acquire a combined 26,324,884 ordinary shares in EAPC from Associated International Cement Limited and Cementia Holding AG.
The two transactions form part of the company’s strategic investment plan to strengthen its foothold in Kenya’s cement industry.
In a notice issued Wednesday, Kalahari Cement confirmed that the CMA approved its Exemption Application on August 5, 2025, in accordance with Regulation 5(1) of the Capital Markets (Takeovers and Mergers) Regulations, 2002.
The approval allows Kalahari to proceed with the acquisitions without triggering a full mandatory takeover offer to other shareholders of EAPC.
The regulator also approved the transaction as a private acquisition under the Capital Markets Act (CAP 485A) and the Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023.
According to Kalahari Cement, the investment aims to “build long-term value for EAPC through strengthening its infrastructure and providing access to additional resources.”
The company added that the move will facilitate the entry of a committed strategic investor capable of driving growth and innovation within the local cement industry.
“The proposed acquisition is strategically positioned to ensure continuity, enhance production capabilities, and create new opportunities for market expansion,” the company said in a statement signed by its board representative, Hasser, on behalf of Kalahari Cement Limited.
