https://newsletter.en.creamermedia.com
Business|Cement|Sustainable
Business|Cement|Sustainable
business|cement|sustainable

PPC concludes sale of Rwandan cement business

25th January 2024

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

JSE-listed cement manufacturer PPC’s subsidiary PPC International Holdings has successfully disposed of its 51% shareholding in Cimerwa, in Rwanda, for $42.5-million.

PPC confirms that all conditions precedent to the disposal have been fulfilled and that the proceeds have been received from the buyer, Kenya-based Devki Group’s subsidiary National Cement.

PPC CEO Matias Cardarelli comments that the sale of PPC’s stake in Cimerwa allows the Rwandan business to be part of a regional group that is better positioned to support its growth. 

In turn, the disposal allows PPC to focus on its core Southern African markets where it sees opportunities to drive improved profitability and secure a more sustainable return on capital.

Cimerwa, which was established in 1984, is Rwanda’s only integrated cement manufacturer.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (08/11/2024)
8th November 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.105 0.204s - 175pq - 2rq
Subscribe Now