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South32 finalises SAEC exit

SOUTH32's divestment of its South Africa Energy Coal division is now unconditional and expected to be complete by June 1.

Kristie Batten
South32's South Africa Energy Coal business

South32's South Africa Energy Coal business

South32 will transfer the shares in its subsidiary to majority black-owned Seriti Resources Holdings and two trusts for the benefit of employees and communities. The deal was first announced in November...

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