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PIC-backed Afrisam in merger talks once again

PPC, the publicly listed cement maker, has announced that it is in merger talks once again with unlisted rival Afrisam, which is majority owned by the Public Investment Corporation, the South African government-owned pension fund manager and counts some private equity investors among its stakeholders. PPC and Afrisam discussed a possible merger in 2014, but the potential deal was called off.

Read more at Reuters…

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