South Africa: PPC shares drop

South Africa: PPC shares drop
Published: 24 May 2016

Tagged Under: PPC South Africa shares 

PPC Ltd shares plunged after it said talks with a credit ratings agency will probably lead to a downgrade. The company is preparing a capital raising of ZAR4bn (US$254m) to be used to reduce debt and fund expansion plans, PPC said in a statement. It said shareholders will be advised on the credit agency’s final decision when it has the information.



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