PPC receives Comesa approval for disposal of Cimerwa to National Cement

Cement producer PPC  has received approval from the Common Market for Eastern and Southern Africa (Comesa) for the disposal of its 51% interest in Rwandan cement producer Cimerwa to National Cement for a cash consideration of $42.5-million. The transaction closed on January 25 and the disposal consideration was received in full, PPC said in a statement to shareholders.