Dangote Cement Confirms Bid for PPC of South Africa

Dangote Cement Plc, which is the mostcapitalised company listed on the Nigerian Stock Exchange (NSE), wednesday confirmed that it plans to acquire the entire share capital of PPC Limited-South Africa’s leading cement firm.

In a notification to the NSE, the board of directors of Dangote Cement disclosed it had communicated its interest to acquire the entire share capital of PPC to the board of directors of the South Africa’s firm.

However, the Dangote Cement explained that the acquisition talks are still at the preliminary stage and the transaction remains a potential transaction.

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