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South Africa's PPC gets non-binding CRH bid for controlling stake
November 13, 2017 / 11:47 AM / 8 days ago

South Africa's PPC gets non-binding CRH bid for controlling stake

JOHANNESBURG, Nov 13 (Reuters) - South Africa’s PPC said on Monday that Ireland’s CRH is considering an all-cash offer to buy a controlling stake in the cement producer.

PPC, which did not disclose the value of the non-binding expression of interest, said it would allow CRH time to conduct due diligence and submit an updated offer next week. (Reporting by TJ Strydom; editing by Alexander Smith)

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