16
Mar
Ester Mbathera Whale Rock Cement, the controlling entity of Cheetah Cement, has filed a notice to acquire Schwenk Namibia, which holds a majority stake in Ohorongo Cement. If approved, the transaction, filed with the Namibian Competition Commission (NCC) on 17 February, would give Whale Rock Cement complete control over cement production in Namibia. The deal involves Whale Rock Cement acquiring the entire issued share capital of Schwenk Namibia from SCHWENK Zement International GmbH & Co. KG. Schwenk Namibia currently holds a 69.83% stake in Ohorongo Cement, with the remaining shares held by Industrial Corporation South Africa (14.27%), Development Bank of…