Kobus Fourie entered into a term sheet agreement to acquire Australian business from Santa Fe Group A/S (CPSE:SFG) in a management buyout transaction for AUD 1 on December 2, 2018. The consideration will take place in the form of share transfer. The business includes two entities Santa Fe Holdings Australia Pty Ltd and Wridgways Australia Ltd. The transaction remains subject to final agreement between the parties. The transaction is expected to close by the end of December 2018. Kobus Fourie cancelled the acquisition of Australian business from Santa Fe Group A/S (CPSE:SFG) in a management buyout transaction on December 2, 2019.