South Africa’s PPC receives AfriSam non-binding merger offer

The board of directors at South African cement producer PPC has received a conditional and non-binding merger offer from AfriSam, a producer of construction materials. PPC is said to have restructured its board of directors and its board will now have 12 non-executive directors and will not consist of any former or current permanent executive directors that served within the 10-year period.
December 11, 2014 Read time: 1 min

The board of directors at South African cement producer PPC has received a conditional and non-binding merger offer from AfriSam, a producer of construction materials. PPC is said to have restructured its board of directors and its board will now have 12 non-executive directors and will not consist of any former or current permanent executive directors that served within the 10-year period.

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