PPC reschedules DRC cement plant debt

Construction materials provider PPC has further improved its liquidity position by finalising a capital repayment moratorium with funders of the group’s Democratic Republic of Congo (DRC) operation, limiting PPC’s capital requirements to only interest payments from January this year to January 2020. PPC owns 69% of PPC Barnet DRC, while its local partner, Barnet Group holds 21% and the International Finance Corporation (IFC) 10%.