Duet Group Holdings Limited entered into a binding agreement to acquire 45.2% stake in Mbuyelo Coal (Pty) Ltd. from Ichor Coal N.V. (DB:IO0) for €95 million on September 30, 2019. The consideration will be payable in cash. The management board and the supervisory board unanimously support the disposal of the Mbuyelo shares. The sale is still subject to a number of conditions precedent as is customary to a transaction of this nature. Completion of the transaction is expected to occur on or before January 31, 2020. Duet Group Holdings Limited cancelled the acquisition of 45.2% stake in Mbuyelo Coal (Pty) Ltd. from Ichor Coal N.V. (DB:IO0) on January 29, 2021.