https://www.engineeringnews.co.za

Third possible suitor shows an interest in acquiring PPC

13th November 2017

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

Font size: - +

In addition to the buyout offer cement producer PPC has received from Fairfax Africa Investments and AfriSam, as well as the nonbinding expression of interest from LafargeHolcim, the company has now also sparked the interest of a third possible buyer, CRH.

CRH has indicated that it is considering submitting an all-cash proposal to acquire a controlling stake in PPC.

To align the CRH process with that of LafargeHolcim and Fairfax, the independent board of PPC intends to provide diversified international building materials company CRH an initial period to conduct due diligence of PPC to allow CRH an opportunity to, if it resolves to do so, submit an updated expression of interest during the week of November 20, which will include a value per share for PPC.

Headquartered in Dublin, CRH is listed on the London, Dublin and New York stock exchanges and has a market capitalisation of €27-billion.

The Fairfax partial offer was still proceeding concurrently with the engagements with LafargeHolcim and CRH.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rosond
Rosond

ROSOND provides fast, efficient, safe, and cost-effective drilling and grouting services to mining and exploration industries throughout Africa.

VISIT SHOWROOM 
AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.054 1.033s - 142pq - 2rq
Subscribe Now