PPC sells Arlington land for US$27m after earlier US30m deal collapsed

CEMENT producer PPC Zimbabwe has disposed of its 418-hectare Arlington property for US$27 million,months after an earlier US30 million deal fell through.

PPC said the property was bought by a privately-owned Zimbabwean company, but declined to it.

The sale follows the collapse of the first agreement with developer Transvaal Africa (Private) Limited.

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