Andries van Heerden: Why Afrimat walked away from Universal Coal acquisition deal

PUBLISHED: Wed, 03 Jul 2019 11:38:28 GMT

Buildings and materials supplier Afrimat has forfeited its R2.1 billion acquisition of Australian listed company Universal Coal. In a statement released by the company it sited that the size and nature of the transaction cautioned management not to proceed. Afrimat CEO Andries van Heerden joins CNBC Africa for more.

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