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Afrisam wants to merge with PPC

Dec 10 2014 15:53

(File) (Shutterstock)

Company Data

PPC Limited [JSE:PPC]

Last traded 4
Change 0
% Change 3
Cumulative volume 6169945
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Cement maker PPC has received a merger proposal from unlisted rival Afrisam Group, the company said on Wednesday.

PPC said in a statement its board was considering the non-binding proposal and it would make further announcements.

Shares in PPC jumped as much as 6.46% shortly after the announcement but just after lunch they had reversed to trade 1.1% lower at R25.06.

ppc  |  afrisam  |  johannesburg  |  industrial


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