Dangote bids for South African cement company

Aliko Dangote
Aliko Dangote GCON is a Nigerian billionaire and owner of the Dangote Group, which has interests in commodities.

Africa’s richest man,Aliko Dangote, Fjallraven Kanken No.2

has stated moves to acquire South Africa’s largest cement maker, PCC limited, GS Air Jordan 4 for takeover bid, air max 2017 donna

but talks are at preliminary stages, nike air max 95 donna Media reported on Thursday. Cheap Fjallraven Kanken Kids Dangote Cement bid for PPC is a way to increase its visibility in the South Africa and surrounding SADC market. PPC offers the prospect of a much larger business than DangCems current operation in South Africa through Sephaku Cement. Also, PPC is already considering a bid by local rival, AfriSam, Nike Air Max 90 Homme which launched a new all-share bid that values PPC at about 9.2 billion rand Annual Financial Statement for the full Year ended March 31, Nike air max 1 pas cher 2017 shows that Sephaku Cement had revenues of R2.28 billion (178 million dollars) in 2016 (see Fig 1). This compares to PPC which had revenues of R9.6 billion ($748 million) in 2016, Nike Free 5.0 Hombre about four times that of Sephaku. Adidas Superstar Nero Uomo

Obviously DangCem would love to own the bigger company and has signalled it would be open to a sale of all or part of its cement operations in Sephaku Cement to win regulatory approval for a takeover.