AfriSam and Fairfax Africa propose merger with PPC and partial offer

AfriSam submitted a revised merger proposal to PPC, including a R4 billion recapitalisation by Fairfax Africa, and Fairfax made a partial offer to acquire R2 billion in PPC shares at R5.75 per share.

“AfriSam Group (Pty) Ltd (AfriSam) is pleased to announce that it submitted a revised merger proposal to PPC Limited (PPC) and that Fairfax Africa Investments Proprietary Limited (Fairfax) has made a Partial Offer to acquire ordinary shares in PPC representing a value of R2 billion held by PPC shareh”eprop.co.za

• 3 sources
• eprop.co.zaAfriSam makes a revised proposal to PPC regarding the merger and Fairfax makes a partial offer to PPC shareholders - eProperty NewseProperty NewsSep 4, 2017
• cemnet.comPIC reportedly backs joint offer for PPC | CemNetICR NewsroomSep 13, 2017
• moneyweb.co.zaCement merger ‘will benefit’ AfriSam, PPC shareholders - MoneywebRay MahlakaOct 11, 2017

Summarized from public sources; check the original articles before acting on it.