PPC ends empowerment second phase with R1,1bn share issue

July 12, 2012

Move to put more shares in hands of employees, black partners will give company the 26% black ownership level needed to convert its mining rights

PRETORIA Portland Cement (PPC) has announced it will issue 6,5% additional shares in the company worth R1,1bn, completing the second phase of its broad-based black economic empowerment (BBBEE) transaction.

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