News

After AfriSam and Fairfax, Dangote prepares bid to acquire South African giant cement producer PPC Group

After AfriSam and Fairfax, Dangote prepares bid to acquire South African giant cement producer PPC Group
  • Comments   -   Tuesday, 12 September 2017 - 16:33

(Ecofin Agency) - As bids increase and many companies are joining talks to acquire stakes in South Africa’s leading cement producer, Dangote Cement is supposedly getting ready to buy PPC Group, according to various South African media.

The competition will be rude for the Nigerian tycoon considering that it will be facing giants like LafargeHolcim and Heidelberg, respectively number one and two of the sector worldwide or Greek firm Titan Cement. Besides, the AfriSam-Fairfax pair is also running for the stakes.

In the past two years, the AfriSam-PPC series has recorded multiple twists, and last August ending, Canadian investment fund Fairfax has decided to also star in it, providing a two billion rands offer for buy the cement manufacturer. Not much appealing according to South Africa’s largest pension fund and PPC’s biggest stakeholder, Public Investment Cop, the joint offer from AfriSam and Fairfax is about to be revised to better fit the taste of the cement producer’s shareholders.

To rival its competitors, the Dangote group plans to sell part or all of its assets in Sephaku, to another Pretoria-based cement maker, in order to successfully take over PPC, which is valued at more than $792 million.

Fiacre E. Kakpo

SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4
Benin’s government will build in the Sèmè-Kpodji municipality, South West of Cotonou,...
Read more |  24 November 2017
In order to fast-track the development of key projects in the country,...
Read more |  24 November 2017
The French Office for the Protection of Refugees and Stateless Persons (OFPRA)...
Read more |  24 November 2017
Since last November 21, 2017, the mobile operator Azur Centrafrique, subdisiary of...
Read more |  24 November 2017
Most Read | 7 days |
1 month |
1 year
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-11-17 18:03:43' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-10-25 18:03:43' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2016-11-24 18:09:35' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4, 4
listofid2=37765,37764,37763,37762,
reference=37765,37764,37763,37762,0
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4
Benin’s government will build in the Sèmè-Kpodji municipality, South West of Cotonou,...
Read more |  24 November 2017
The French Office for the Protection of Refugees and Stateless Persons (OFPRA)...
Read more |  24 November 2017
Since last November 21, 2017, the mobile operator Azur Centrafrique, subdisiary of...
Read more |  24 November 2017
Most Read | 7 days |
1 month |
1 year
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-11-17 18:03:43' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-10-25 18:03:43' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2016-11-24 18:09:35' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4, 4

Copyright Agence Ecofin © 2015. All Rights Reserved.