Despite the rejection by the competition watchdog of the proposed acquisition by West China Cement, Schwenk Zement International Germany has further interest to sell its local subsidiary Schwenk's Namibia.
Schwenk Namibia owns about 70% of the shares of Ohorongo Cement, the first fully integrated local cement producer. Other shareholders are the Industrial Development Corporation (IDC), Development Bank of Namibia (DBN) and the Development Bank of Southern Africa (DBSA).
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