PPC in talks with Sinoma to sell majority stake in operations in Democratic Republic of Congo

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Democratic Republic of Congo: South Africa’s PPC says it is talks with China National Materials (Sinoma) over selling a majority stake in its operations in the country. In an interview with Bloomberg chief executive officer Johann Claassen said that deal would depend on the price and implications on the on-going merger between Sinoma and China National Building Material (CNBM). He added that the PPC’s cement plant in the Democratic Republic of Congo had proven ‘challenging’ and that the company had arranged a ‘debt holiday’ with lenders after the market ‘didn’t pan out as envisaged.’

Last modified on 11 April 2018

URL: https://www.globalcement.com/news/item/7345-ppc-in-talks-with-sinoma-to-sell-majority-stake-in-operations-in-democratic-republic-of-congo

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