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NEW MERGER MIX

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Cement producers PPC and Afrisam abandoned their most recent merger negotiations late last month. However. Afrisam insisted that it had not abandoned the consolidation plan entirely and that a third approach could yet be made. Bloomberg reports that AfriSam is in negotiations with an equity partner to recapitalise the company and enable it push ahead with a more palatable merger offer to PPC.
 
 
 
 
 

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