Public Investment Corporation ups stake in PPC as merger talks continue

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South Africa: The Public Investment Corporation (PIC) has been steadily increasing its shareholding in cement producer PPC. It now owns a 25.1% stake. In March 2017, the PIC increased its shareholding in PPC to 15.1% and subsequently increased it further to 21.2% in October 2017.

Last modified on 08 November 2017


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