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
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