Visio Capital Management, which holds 7% of PPC, is the latest investment manager to come out against a partial conditional offer for a merger with SA's largest cement group by AfriSam and Canada's Fairfax Africa Investments.
Third quarter 2017 revenue of KZT 9,312 million was 27% higher than revenue of KZT 7,316 million achieved in the corresponding quarter in 2016. For the 9 months ended 30 September 2017, Steppe Cement Ltd ("Steppe Cement") recorded revenue of KZT 17,865 million compared with KZT 15,506 million in the corresponding 9-month period in 2016, representing a 15% increase.
China National Building Materials Group Corp, one of the largest State-owned building materials manufacturers, is in talks to integrate some of its 15 subsidiaries listed both at home and abroad, local media reported.
Boral expects the infrastructure boom underway on the east coast of Australia to be longer and stronger than even the boom in dwelling starts that has moderated but remains above historical peaks.
ARM Cement will get an additional $15 million (about Sh1.54 billion) cash injection from its key shareholders to help shore up its financial position as it eyes a strategic investor.