LEADING cement and concrete producer Pretoria Portland Cement is set to acquire a 48% stake in the Zimbabwean cement manufacturer, Portland Holdings, for over R200m, SABC radio news reported on Wednesday. PPC told the public broadcaster an agreement had been reached with Anglo-American Zimbabwe and its associate companies to finalise the deal. It planned to buy out other stakeholders and will be delisted from the Johannesburg Stock Exchange Securities Exchange and the Zimbabwe Stock Exchange.
–> CUSTOM SHARE SERVICE
CUSTOMISE your share portfolio and have live prices delivered by e-mail or cellphone. Various options available.
More details