PPC Zimbabwe Sells Vacant Harare Land for US$ 27 Million
Bitget2026/10/27 05:30- PPC sold Arlington Estate through its 88%-owned Zimbabwe subsidiary for USD 27 million, announcing the transaction on October 27, 2026.
- The approximately 418-hectare vacant property in Harare has no limestone deposits or commercial use in the subsidiary’s core cement business.
- The sale generated net proceeds of USD 21.4 million, which the subsidiary distributed as a dividend.
- The parent’s dividend share totaled USD 17.9 million, equivalent to approximately ZAR 296.4 million.
- The buyer is a privately held Zimbabwean property company unrelated to the group.
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