PPC to acquire stake in Safika Cement Holdings
PPC plans to acquire a controlling stake in Safika Cement Holdings for R350 million. Safika Cement operates five blending facilities and one milling plant in South Africa. It produces more than 20 million bags of blended cement a year.
“We are very excited to be able to add another complimentary business to PPC. This is an important step in our ‘Keeping the Home Fires Burning’ strategy,” said PPC CEO Ketso Gordhan.
The purchase is subject to due diligence and approval from regulatory authorities.
Adapted from press release by Louise Fordham.
Read the article online at: https://www.worldcement.com/africa-middle-east/07082013/south_africa_ppc_to_acquire_safika_cement_stake_95/
You might also like
The World Cement Podcast - CCS in the UK
Dr Diana Casey, Executive Director of the Mineral Products Association joins the World Cement Podcast to explore the role of CCS in decarbonising UK cement industry.
Tune in to the World Cement Podcast on your favourite podcast app today.
