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Africa|Cement
Africa|Cement
africa|cement

PPC receives Comesa approval for disposal of Cimerwa to National Cement

25th July 2024

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

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Cement producer PPC has received approval from the Common Market for Eastern and Southern Africa (Comesa) for the disposal of its 51% interest in Rwandan cement producer Cimerwa to National Cement for a cash consideration of $42.5-million.

The transaction closed on January 25 and the disposal consideration was received in full, PPC said in a statement to shareholders.

Comesa's approval was, however, also needed to complete the transaction.

To watch Creamer Media's latest video reports, click here
 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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