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Cement makers PPC, Afrisam in merger talks

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Cape Town – The cement companies PPC [JSE:PPC] and AfriSam are engaging in merger talks, which they believe will be to the advantage of the shareholders of both firms. 

Afrisam admitted to the merger discussions in a statement on Monday, following a company note to investors from PPC, which said the two groups are “assessing the merits of a potential merger”. 

Afrisam, which made its intention to merge with PPC known as far back as 2014, said on Monday it has appointed advisors to conduct the relevant assessment of a potential merger between the parties.

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