PPC weighs sale of Zimbabwe unit

PPC, South Africa’s largest cement maker, is considering selling its Zimbabwe business for about $200-million, according to people with knowledge of the matter. A sale will help the company, founded in 1892, to focus on its South African operations, said the people, who asked not to be identified because discussions are at an early stage. Pricing negotiations are ongoing, and there is no guarantee that a deal will go ahead, they said.

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