Share

South32 boosts support to Seriti in coal deal

There are developments in the South32 deal with Seriti. The is waiting for approval from Eskom and Natioanal treasury in the sale of its energy coal division, but in the meantime they provided further support to Seriti. This included amending the original share purchase agreement by adjusting the up-front cash payment to a nominal consideration and removing the deferred consideration mechanism. Mike Fraser, Chief Operating Officer of South32 joins CNBC Africa for more.

Thu, 01 Apr 2021 11:22:08 GMT
Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.