PPC - December 2013
PPC is further stamping its footprint on the South African market with the recent approval of its acquisition of cement producer Safika Cement. The country’s Competition Tribunal has given its unconditional go-ahead to the deal for a controlling equity stake in Safika at a cost of US$35.3m. Safika Cement owns five blending facilities and one milling operation producing blended 32.5N cement.
