Dangote Cement Plc. (NSE: DANGCEM, “DCP”), Africa’s largest cement producer, has received information that a potential transaction between it and PPC Limited of South Africa (“PPC”) has been represented in a number of media publications as ongoing.
In light of the foregoing, DCP hereby confirms that the Board of Directors of DCP has merely communicated its interest to the Board of Directors of PPC with respect to the acquisition of the entire share capital of PPC. This communication is still at the preliminary stage.
Further details will be published subsequently, as appropriate.