CMS South Africa Advises Exxaro and FerroAlloys Management on Strategic Disposal of Exxaro FerroAlloys

"CMS South Africa advised Exxaro and the FerroAlloys management team on the sale of Exxaro FerroAlloys to a consortium led by EverSeed Energy, a 100% black‑owned investor. The ZAR250 million disposal, effective 31 October 2025, delivers management 30%, an ESOP 10% and EverSeed 60%, supporting local empowerment and continuity."

CMS South Africa acted as legal adviser to Exxaro and the FerroAlloys management team in the disposal of Exxaro FerroAlloys Proprietary Limited. The transaction involved the sale by Exxaro of its entire issued share capital in Exxaro FerroAlloys Proprietary Limited. The FerroAlloys business was acquired by a consortium led by EverSeed Energy Proprietary Limited, a 100% black‑owned investor and operator. The disposal was valued at ZAR250 million and became effective on 31 October 2025. Under the restructured ownership, the FerroAlloys management team secured a 30% stake in the new entity, an Employee Share Ownership Plan (ESOP) took 10%, and EverSeed holds the remaining 60%. The transaction is presented as part of Exxaro’s intention to enhance the economic participation of black‑owned and controlled enterprises in the South African economy and to ensure operational continuity for the business. CMS South Africa represented Exxaro and the FerroAlloys management team with a team composed by: Yushanta Rungasammy, Director and Co‑Head Corporate & Commercial at CMS South Africa; Riza Moosa, Director and Head of Banking & Finance at CMS South Africa.

CMS South Africa Advises Exxaro and FerroAlloys Management on Strategic Disposal of Exxaro FerroAlloys

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