Barak Fund: Mauritian Firm to Acquire 60% Stake in Savannah Cement

A Mauritian firm, Barak Asset Recovery Limited is set to acquire a 60% controlling stake in local cement producer Savannah Cement, owned by Seruji Limited. In filings made at the Comesa Competition Commission as the firms seek regulatory approvals for the deal, the firm described its principal business as investment holding. "The proposed transaction entails the [...]