Cimpor may have to shed shares in South Africa’s NPC

Cimpor may have to shed shares in South Africa’s NPC
30 December 2004


Cimpor will have to take a partner in its South African unit Natal Portland Cement and may have to transfer as much as 26 per cent under new legislation, Jornal de Negocios reported, citing a Cimpor internal document. Cimpor will have to give up a stake in NPC in order to comply with new legislation affecting natural resources extraction companies, within the framework of the Black Economic Empowerment programme, the report said. Published under Cement News