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Johannesburg – Listed cement and lime producer PPC plans to acquire 3Q Mahuma Concrete, the largest independently owned ready-mix concrete supplier in southern Africa, for a maximum of R183 million. Darryll Castle, the chief executive of PPC, said yesterday that it intended to conclude an asset for shares agreement with 3Q Mahuma to further
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 The primary target firm is 3Q Mahuma Concrete Proprietary Limited (“3Q Mahuma”), a company incorporated in accordance with the laws of the Republic of South Africa.  3Q Mahuma is controlled by 3Q Group Holdings (Ply) Ltd (“3Q Group Holdings”). 3Q Group Holdings is, in turn, controlled by Capital Africa Steel (Ply) Ltd (“GAS”).
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Meanwhile Lafarge reported an increase of 2% in terms of sales in Africa and the Middle East to US$4.66bn in 2011 compared to US$4.59bn in 2010. 25.5% of the group’s revenue in 2011 was from Africa and the Middle East, where the company had 25 cement plants and an annual capacity of 58.4Mt/yr in 2011.
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