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West Cement has reached an agreement to acquire 100% of South African building materials supplier AfriSam from 10 independent third parties for a maximum cash consideration of 25 billion South African Rand (approximately USD 145 million). AfriSam has annual capacities of 4.5 million tons of cement, 5 million tons of aggregates, and 1.5 million cubic meters of ready-mix concrete in South Africa, Botswana, and Lesotho.
“West Cement recently reached an agreement with 10 independent third parties to acquire 100% of the shares of South African building materials supplier AfriSam for a maximum cash consideration of 25 billion South African Rand.”en.wedoany.com
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