September 14, 2017 / 9:38 AM / in a month

Nigeria's Dangote approaches South Africa's PPC about takeover deal

JOHANNESBURG, Sept 14 (Reuters) - Nigeria’s Dangote Cement has approached South African cement producer PPC about a tie-up, but talks are at the preliminary stage, it said.

PPC is already considering a bid by local rival AfriSam , which launched a new all-share bid that values PPC at about 9.2 billion rand ($700.47 million) ($1 = 13.1340 rand) (Reporting by Nqobile Dludla; Editing by Tiisetso Motsoeneng)

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