JOHANNESBURG, Sept 4 (Reuters) - South Africa's cement maker AfriSam AFRSMV.UL has submitted a revised merger approach to rival PPC PPCJ.J , the company said on Monday.
AfriSam's latest proposal values PPC at 5.75 rand per share, or 9.2 billion rand ($709.47 million), and is aimed at creating a group with greater financial muscle to better compete in the global cement market. ($1 = 12.9675 rand)