The takeover of JSE-listed documents storage company Metrofile, by a US private equity firm, has been delayed due to uncertainty caused by Covid-19.
On Monday, Metrofile said the uncertainty arising from the Covid-19 pandemic, as well as the ongoing lockdown in SA, had resulted in the Housatonic Consortium not being in a position to finalise its arrangements with potential funding and BEE partners by March 31, as originally intended. Accordingly, both parties have agreed to extend the date by which the Housatonic Consortium needs to finalise the deal to May 31. ..
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