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Africa & The Middle East

 

PPC-Afrisam merger revived as other bidders circle

PPC has received a proposal from Canadian investment company, Fairfax Africa Investments, that would include its merger Afrisam, as well as two rival bids from unnamed African cement makers.

 

Afrisam promises third bid for PPC

Afrisam has called off negotiations with PPC on a potential merger, but has promised to return with a better offer.