PPC to sell Botswana quarry business for R60m

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The group is battling with a heavy debt burden, but signs are stacking up that it can avoid tapping shareholders

Cement maker PPC, which is struggling under the weight of a debt load that rivals its R5.2bn market value, has agreed to sell its quarry business in Botswana for R60m, a further sign the group may avoid tapping shareholders.

PPC’s shares have more than doubled so far in 2021 and it has been on a winning streak of late, reaching a deal in March to restructure the problematic debt of its unit in the Democratic Republic of Congo ...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

My investments with SilverAustinefx has been so profiting and I would recommend him to anyone who is interested in boosting up their status. A stitch in time saves nine.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wuhan wet market sold wildlife illegally, study saysFindings support claims that virus most likely spilt over to humans from animals the birthplace of the infamous CHINA VIRUS! Oh wow, nobody knew that!
Source: BDliveSA - 🏆 12. / 63 Read more »