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Africa's richest man joins race for South African cement firm

Africa's richest man Aliko Dangote has joined the race to buy South African cement maker PPC, which is already the subject of a takeover bid valuing the company at $700-million. Dangote Cement, which is controlled by Dangote and is the biggest cement maker in Africa with a capacity of nearly 46-million tonnes a year, said in a statement that it was interested in buying all of PPC's shares.

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