South Africa-based PPC has raised its stake in PPC Zimbabwe from 71% to 90%. In an operating update, PPC told investors that PPC Zimbabwe increased its sales by 19% year-on-year in the five months to 31 August 2023. Meanwhile, the group’s South African business raised its sales by 58% year-on-year over the same period. PPC
A court has accepted a request by the Prosecutor General’s Office to drop a claim for the appropriation of Russian assets of Germany-based Heidelberg Materials by the Russian government. The assets include shares in cement producers HeidelbergCement Rus and Shale Cement Plant Cesla, as well as minerals producers Gurovo-Beton and Syryevaya Kompaniya. A lawyer for