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.