picture; courtesyEast African Portland Cement Company’s (EAPCC) Swiss strategic investor has been asked to either leave over conflict of interest, or fully acquire the struggling firm. “The ideal position would be that EAPCC and Lafarge are either merged or Lafarge has no stake in EAPCC,” Mr Tande said in an interview with The Standard. Swiss firm LafargeHolcim owns Bamburi Cement and is the single largest shareholder at EAPCC, raising the conflict of interest alluded to. LafargeHolcim has a 58.9 per cent stake in Bamburi- Kenya’s biggest cement manufacturer, while EAPCC has the second biggest market share. Updated Fri, July 8th 2016 at 00:00 GMT +3The East Africa Portland Cement in this undated photo.

Source: Standard Digital July 07, 2016 20:37 UTC