Published 5 years ago
The Namibian Competition Commission (NACC) will carry out a public interest test to determine the effect of the sale of shares in the Ohorongo Cement by West China Cement. This was announced during the Stakeholder Conference on the proposed sale of 68% shares held by Schenwenk Namibia to the West China Cement company. The wholly Chinese owned company is seeking to buy the shares for N$1,5 billion.