Prior to November 2023, Hima Cement Limited was a subsidiary of
Holcim, a large Swiss-based buildings material
conglomerate. The table below illustrates the shareholders in Hima Cement Limited at that time. In November 2023, the
Sarrai Group of Uganda signed binding documentation to buy the 70 percent that Holcim previously held in Hima Cement Limited, for a consideration of US$84 million. Contemporaneously, Rwimi Holdings Limited, another Ugandan company, signed documentation to buy the remaining 30 percent of the Ugandan cement maker from Cementia Holding AG at a price reported at US$36 million. The transactions require regulatory approval from
Kenya,
Uganda,
Switzerland and
COMESA. When the deal receives regulatory approval, the shareholding in the business will look as depicted in the table below. ==Developments==