LafargeHolcim ‍ends talks with South Africa's PPC
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LafargeHolcim ‍ends talks with South Africa's PPC
The logo of LafargeHolcim, the world's largest cement maker, is seen in Zurich
ZURICH (Reuters) - LafargeHolcim has ended talks with South African cement maker Pretoria Portland Cement (PPC) about a possible deal, the Swiss group said on Wednesday.

"LafargeHolcim confirms that the Group has ended its ongoing talks with Pretoria Portland Cement Ltd. (PPC) on a possible transaction in Africa that were announced on October 27, 2017," it said in a brief statement.

Ireland's CRH, the world's third-largest building materials supplier by market value, had also decided not to bid for rival PPC, the South African company said on Thursday, leaving the field clear for rival suitors.

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(Reporting by Michael Shields, editing by David Evans)

2017-12-14 08:26:17


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