Dangote Cement makes PPC takeover approach

Dangote Cement makes PPC takeover approach

Nigeria’s Dangote Cement, controlled by Aliko Dangote, Africa’s richest person, has approached South African rival PPC about a takeover. PPC is already considering a bid by local rival AfriSam, which launched a new all-share merger proposal that values South Africa’s largest cement maker at about 9.2 billion rand ($700 million). PPC has a third offer…

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