South Africa's PPC gets higher offer from FairfaxStaff Writer | September 16, 2017
PPC, South Africa's biggest cement producer, said it expected Canada's Fairfax Africa Investments to raise its 9.2 billion-rand ($700 million) takeover offer.
Acquisition The all-share offer
On Thursday Dangote Cement, which is controlled by Africa's richest man Aliko Dangote, said it was interested in buying PPC, which is also the subject of a proposed merger with with local rival AfriSam.
If, however, none of the offers from the prospective bidders materialise and if the AfriSam merger doesn't go ahead, PPC, which has operations in six countries, said it could continue as a standalone business. ■