Lagos, 13th September 2017: 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.
About Dangote Cement
Dangote Cement Plc is Africa’s leading cement producer with nearly 46 million tonnes per annum (Mta) capacity across Africa. A fully integrated quarry-to-customer producer, we have a production capacity of 29.25Mta in our home market, Nigeria. Our Obajana plant in Kogi state, Nigeria, is the largest in Africa with 13.25Mta of capacity across four lines; our Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12Mta and our Gboko plant in Benue state has 4Mta. Through our recent investments, Dangote Cement has eliminated Nigeria’s dependence on imported cement and has transformed the nation into a net exporter of cement, serving neighbouring countries.
In addition, we have invested almost $3B to build manufacturing plants and import/grinding terminals across Africa. Our operations are in Cameroon (1.5Mta clinker grinding), Congo (1.5Mta), Ghana (1.5Mta import), Ethiopia (2.5Mta), Senegal (1.5Mta), Sierra Leone (0.7Mta import), South Africa (2.7Mta), Tanzania (3.0Mta), Zambia (1.5Mta).
Head of Investor Relations
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