NEW MERGER MIX

8th September 2017 By: Darlene Creamer

NEW MERGER MIX

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.