South Africa's AfriSam submits revised merger proposal to PPC

Helios Fairfax Partners

04/09/2017 14:42

JOHANNESBURG, Sept 4 (Reuters) - South Africa's cement maker 
AfriSam  AFRSMV.UL  has submitted a revised merger approach to 
rival PPC  PPCJ.J , the company said on Monday.  
     AfriSam's latest proposal values PPC at 5.75 rand per 
share, or 9.2 billion rand  ($709.47 million), and is aimed at 
creating a group with greater financial muscle to better compete 
in the global cement market. urn:newsml:reuters.com:*:nL8N1LB2O8 
($1 = 12.9675 rand) 
 
 (Reporting by Nqobile Dludla; Editing by David Goodman) 
 ((nqobile.dludla@thomsonreuters.com; +27117753126; Reuters 
Messaging: nqobile.dludla.thomsonreuters.com@reuters.net)) 
 
Keywords: PPC M&A/AFRISAM FAIRFAX AFRICA