Business is all about making decisions that propel the venture into the future. In this article, we have a read about the possible PPC merger deal with AfriSam.
Cement maker PPC is hoping to have a new merger proposal from AfriSam by the beginning of September, with the latest termination of merger talks sending PPC’s share price down almost 7% on Friday.
PPC said its smaller rival AfriSam had terminated its “heads of terms”‚ which were to precede a formal agreement, but may soon offer a new deal. PPC and AfriSam announced in February they had restarted talks to potentially merge their operations, nearly two years after previous talks were abandoned. Specific terms had been set for the proposed deal, including on empowerment levels, and debt ratios.