Acquisition of TC Cement Company Limited by Mauritius Conch (TZ) Limited and Conch Investment Holdings (Hong Kong) Limited
The Fair Competition Commission (FCC) has commenced its review of the proposed acquisition of the entire issued share capital of TC Cement Company Limited by Mauritius Conch (TZ) Limited and Conch Investment Holdings (Hong Kong) Limited.
The Fair Competition Commission (FCC) has commenced its review of the proposed acquisition of the entire issued share capital of TC Cement Company Limited by Mauritius Conch (TZ) Limited and Conch Investment Holdings (Hong Kong) Limited. The acquiring entities are special purpose vehicles ultimately controlled by Anhui Conch Cement Co., Ltd., a Chinese cement producer listed on the Shanghai and Hong Kong stock exchanges. According to the public notice, the target was established as the operating vehicle for a cement production project in Morogoro, Tanzania and has not yet commenced commercial operations. The transaction involves the acquisition of the entire issued share capital of the target company. The FCC's review and investigation have commenced, with interested parties invited to submit comments by 20 September 2026.
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