UPDATE 1-PPC unveils $347 mln deal with black investors


(Adds more details) JOHANNESBURG, Aug 28 (Reuters) - South African cement producer PPC will sell a 15 percent stake worth 2.7 billion rand ($347 million) to black investors to meet government requirements on black ownership, it said on Thursday. Pretoria Portland Cement (PPC), which was spun off from industrial group Barloworld last year, said the deal would benefit 3.5 million people in South Africa. Strategic black investors will get a 7 percent stake while PPC's black staff, ...

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