South Africa: Heidelberg Materials has reportedly entered talks with banks to appoint advisers, as it considers a potential acquisition of cement producer PPC, according to Engineering News. The company is assessing a full takeover of the South African cement producer as part of plans to expand its presence in Africa. However, Heidelberg Materials reportedly declined to comment and discussions are at an early stage. PPC is valued at US$560m and operates in Botswana, South Africa and Zimbabwe.
Heidelberg Materials enters talks to acquire PPC
