PPC sells 418ha Harare property for US$27m

STAFF WRITER PPC Zimbabwe has sold its prime 418-hectare Arlington Estate property for US$27m, generating US$21.4m in net proceeds and triggering a US$21.4m dividend payment to shareholders, as the cement maker moves to unlock value from non-core assets. The disposal, announced by South African parent company PPC on Tuesday, marks the completion of a transaction…