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In brief Materials & Equipment South Africa

PPC rejects AfriSam merger

PPC on Monday said it had rejected a merger between AfriSam and the company.

"The board has considered the proposed merger and its merits‚ and has decided not to proceed. The board has therefore terminated its engagement with AfriSam‚" PPC said.

At 12.08pm PPC shares were 1.89% firmer at R18.30.

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