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ARM Tanzania assets sale raises Sh2 billion surplus

The sale of ARM Cement’s assets in Tanzania raised funds that paid all the claims of creditors in that market and left a surplus of Sh2.3 billion.

United kingdomPricewaterhousecoopers pwPradeep paunranaNarendra ravalAbsa bank kenyaMaweni limestone ltdNational cement companyStanbic bank at shBank kenyaHuaxin cementStanbic bank

ARM Cement creditors suffer Sh11 billion loss

Lenders and unsecured creditors of the collapsed ARM Cement lost Sh11.5 billion during the distribution of proceeds after liquidation of the firm.

Nairobi areaUnited kingdomPricewaterhousecoopers pwPradeep paunranaNarendra ravalAliko dangoteAbsa bank kenyaNational cement companyBritish international investmentStanbic bank at shBank kenyaNairobi securities exchangeSayani investmentsStanbic bankNational cementMaweni limestone

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