Lead party: West China Cement Limited (lead investor/buyer)
Coverage: Meridian Capital (investment and transaction tracker; data from Partner Researchers, editorially reviewed).
Target: AfriSam Holdings Proprietary Limited (private company) · Sector: Materials, Industrials, Construction & Materials, Diversified Materials · Countries of operation: South Africa, Malawi, Eswatini, Democratic Republic of the Congo (DRC), Lesotho, Namibia, Rwanda, Burundi
Transaction type: Merger/Acquisition(M&A), Exit · Asset class: Corporate Transactions · Strategy: Acquisition · Instrument: Ordinary Shares (Equity) · Deal amount: US$147.4m · Equity stake: 1% · Implied EV: US$147.4m
Lead investor/buyer: West China Cement Limited · Investors/buyers: West China Cement Limited · Sellers: RMB Investments and Advisory (Pty) Ltd, Absa Bank Limited, Nedbank Group Limited, Standard Bank of South Africa Limited, Liberty Group Limited, Old Mutual Life Assurance Company (South Africa) Limited (OMSFIN), Ashburton SA Credit CoInvestment Fund 1 (RF) Limited, Momentum Metropolitan Life Limited, Ninety One Limited
Legal advisers: not identified in the source record.
Source: announced 2 April 2026. Original announcement: cca.co.bw.
