PPC receives merger proposal from AfriSam

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South Africa: PPC, South Africa's largest lime and cement maker has said that AfriSam, its competitor, has proposed a merger between the two companies. AfriSam's proposal was conditional and non-binding and prompted PPC's shares to surge on 10 December 2014. This was reported by local media as a sign that the market likes the idea of the merger.

PPC said that its board of directors was currently considering the proposal and would make a further announcement in due course once it has concluded its consideration of the proposal. The firm has been in a state of flux in 2014 due to protracted boardroom wrangling.

Last modified on 17 December 2014

URL: https://globalcement.com/news/item/3143-ppc-receives-merger-proposal-from-afrisam

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