Cement News tagged under: Safika Cement Holdings
PPC gets competition tribunal go-ahead for Safika Cement acquisition16 December 2013, Published under Cement NewsPPC’s previously-announced acquisition of South African blended cement producer Safika Cement has been unconditionally approved by the country’s Competition Tribunal. An agreement to acquire a controlling equity stake in Safika Cement for a cash consideration of approximately ZAR350m (US$35.3m) was announced by PPC in August this year. PPC said last Friday, that the completed deal further enhances its footprint in South Africa where Safika Cement owns five blending facilities and one mi... |
PPC buys controlling stake in Safika Cement07 August 2013, Published under Cement NewsPPC has entered into an agreement to purchase a controlling equity stake in Safika Cement Holdings, a blended-cement producer in South Africa. The company acquired the stake for a cash consideration of approximately ZAR350m (US$35.3m). Safika owns five blending facilities and one milling operation and produces blended 32.5N cement under three brands: IDM Best Build, Castle and the Spar Build-It house brand. Commenting on its latest acquisition, PPC chief executive officer said: "We are ... |
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