Lawmakers are now considering stopping the sale of East Africa Portland Cement Company (EAPC) shares unless the parties involved can prove that the acquisition process is above board.
The National Assembly Committee on Trade, Industry and cooperatives yesterday poked holes into the planned acquisition of EAPC shares by Tanzania’s Kalahari Cement, terming the process opaque and a potential hostile takeover.
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Lawmakers are now considering stopping the sale of East Africa Portland Cement Company (EAPC) shares unless the parties involved can prove that the acquisition process is above board.
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By Josphat Thiong’o