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Disposal of Stefanutti’s Mining Services division falls through

23rd August 2021

By: Tasneem Bulbulia

Deputy Editor Online

     

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JSE-listed Stefanutti Stocks has advised that not all conditions precedent to the proposed sale of its Mining Services division to Akhona Mining Services have been fulfilled or waived and, consequently, the disposal will no longer proceed.

In April, Stefanutti reported that it had entered into a sale of business agreement with Akhona.

Under the terms of the proposed disposal, the Mining Services division, comprising the Materials Handling and Tailings Management subdivisions, would have been sold to Akhona.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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