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.
Andries van Heerden: Why Afrimat walked away from Universal Coal acquisition deal
PUBLISHED: Wed, 03 Jul 2019 11:38:28 GMT