A merger between PPC and Dangote Cement would, if it went ahead, involve fewer complexities and implementation risks than an Afrisam-PPC merger, PPC chairman Peter Nelson said on Friday. Nelson said it was difficult to compare the two offers, but PPC had a far less complex overlap with Dangote Cement in South Africa compared to Afrisam. Dangote owns Sephaku Cement in South Africa, a smaller operation than Afrisam. Nelson said Dangote Cement's rest of Africa assets were attractive and complementary to what PPC had established. This week, Dangote Cement told the PPC board in a statement to the Nigerian Stock Exchange that it would be interested in buying the group's "entire share capital". The offer by Dangote, owned by Nigerian billionaire Aliko Dangote, follows the entry of Toronto-based Fairfax into the fray in support of Afrisam. The Public Investment Corporation (PIC), a shareholder in PPC, Afrisam and Dangote Cement, has come out in support of an Afrisam-PPC merger. Nelson said ...
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