PPC lenders put off decision on rights issue to September

SA’s largest cement producer, PPC, and its SA lenders have agreed to defer the assessment of a need to raise capital through a rights issue until September, says CEO Roland van Wijnen.

He said the company scored numerous wins in the financial year to end-March 2021, making significant progress with its capital restructuring and refinancing project. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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