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PPC agrees to sell its lime business for R515m

MONEYWEB app instead? Transaction likely to influence its planned R750m rights issue decision. 00:01ย  The net proceeds of about R500m will be used to degear PPCรขย€ย™s SA balance sheet. Image: Moneyweb JSE-listed cement and lime producer PPC has made further significant progress with its capital restructuring by reaching an agreement to sell its wholly-owned lime business to investor consortium Kgatelopele Lime for R515 million. In terms of the agreement, the rights, benefits and advantage...
South Africa Eastern Cape South African Billy Mawasha David Fraser Sizwe Mngomezulu

PPC to sell lime business for R515 million

Roy Cokayne The divestment forms part of PPCโ€™s ongoing capital restructuring, and the effective net proceeds of about R500 million will be used to degear the cement producers SA balance sheet. PPC truck. JSE-listed cement and lime producer PPC has made further significant progress with its capital restructuring by reaching an agreement to sell its wholly-owne...
South Africa Eastern Cape South African Billy Mawasha David Fraser Sizwe Mngomezulu

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