IFM completes sale of local assets to Samancor Chrome

August 23, 2016

Responsive image

As part of its ongoing business rescue process, Aim-listed International Ferro Metals (IFM) has completed the R300-million sale of its local subsidiary to Samancor Chrome. The balance of R10-million is payable upon transfer of the immovable properties, with proceeds distributed to creditors of the subsidiary International Ferro Metals South Africa (IFMSA).

Category: General