Nine months after it was first announced, the Glitnor Group has decided not to purchase KaFe Rocks, in what has been called a "amicable" move.
Glitnor Group confirmed the news this morning, saying that both parties had recognized the unfavorable nature of the market conditions at the time and had chosen to scrap the transaction after "much thought."
Despite this, Glitnor insists that it will continue to be a "major shareholder" in KaFe Rocks Group and that its relationship with the business would be "close, professional, and pleasant."
Glitnor Group confirmed the news this morning, saying that both parties had recognized the unfavorable nature of the market conditions at the time and had chosen to scrap the transaction after "much thought."
Despite this, Glitnor insists that it will continue to be a "major shareholder" in KaFe Rocks Group and that its relationship with the business would be "close, professional, and pleasant."