Dangote linked to PPC bid

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South Africa: Dangote Cement is considering making a bid for PPC. The interest of the Nigerian company could start a bidding contest for the South African cement producer, according to sources quoted by the Cape Times newspaper. Canada’s Fairfax Financial Holdings with AfriSam made an offer for PPC in early September 2017. However, PPC said that the offer was ‘undervalued.’ It also reported to shareholders that it had received two other offers. It is expected to present any offers it has received to shareholders in early October 2017.

Last modified on 13 September 2017

URL: https://www.globalcement.com/news/item/6528-dangote-linked-to-ppc-bid

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