Citing uncertain conditions on the way of planned acquisition of a major cement firm in South Africa called PPC, mainly costing, Dangote Group President, Aliko Dangote has put the deal on hold.
It is not sure if the planned acquisition will still hold going by Dangote’s confirmation that there were some pressure capable of making an investor buy wrongly based on pricing.
Dangote was not ready to hurt the investors of the firm he intends to acquire.