October 27, 2017 / 7:03 AM / a year ago

S.Africa's PPC says receives expression of interest from LafargeHolcim

JOHANNESBURG, Oct 27 (Reuters) - South Africa’s biggest cement producer PPC said on Friday it had received an expression of interest from LafargeHolcim which is planning a combination of some of its African assets.

PPC said in a statement that Lafarge, which is headquartered in Switzerland, is expected to submit a firm offer in November as it contemplates a deal which could include a partial cash offer and a special dividend to PPC shareholders.

Reporting by Tanisha Heiberg; editing by Jason Neely

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