Capitalworks Exits Pronto Holdings (Sub-Saharan Africa)

Source: Capitalworks

Pretoria Portland Cement Company Limited (PPC) has acquired Pronto Holdings from South Africa-based independent alternative asset manager Capitalworks for a minimum value of ZAR280 million (approximately US$33 million). Capitalworks first invested in Pronto, a ready-mix concrete business based in Johannesburg, in 2008.