Deals
West China Cement Seeks to Acquire South Africa’s AfriSam
Heavy machinery loads a truck with materials for producing cement at the West China Cement Ltd. plant in Xian, China.
Photographer: Nelson Ching/Bloomberg
West China Cement Ltd. is seeking to acquire South Africa’s AfriSam South Africa Proprietary Ltd., marking the latest push by cement companies from the Asian nation to expand on the continent.
The proposed acquisition was detailed in a statement on the Competition and Consumer Authority’s website. The filing, which sought comment from stakeholders, didn’t disclose financial details.