PPC in talks to sell Zimbabwe business

PPC Ltd is reportedly in talks to sell its Zimbabwe business. According to Bloomberg, discussions are at an early stage and no potential buyers have been named as yet. PPC is believed to be selling the Zimbabwe company for around US$200m. 

PPC Zimbabwe currently runs a 0.76Mta grinding plant in Bulawayo, a 0.825Mta clinker plant in Colleen Bawn, and a 0.7Mta grinding works in Harare.