Building materials and industrial minerals group Afrimat, which has recently seen a healthy profit bump from its Demaneng iron ore mine, has set its sights on anthracite producer Unicorn Capital Partners.

Afrimat intends to issue about 3-million new shares, worth about R90m as of Tuesday morning, to acquire the shares in Unicorn it doesn’t already own. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now