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NEW MERGER MIX

8th September 2017

By: Darlene Creamer

     

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Cement producers PPC and Afrisam abandoned their most recent merger negotiations late last month. However, Afrisam insisted that it had not abandoned the consolidation plan entirely and that a third approach could yet be made. Bloomberg reports that AfriSam is in negotiations with an equity partner to recapitalise the company and enable it to push ahead with a more palatable merger offer to PPC.

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