Metair Investments Limited (JSE:MTA) made a non-binding offer to acquire Rudnik Me Ica Tab Tovarna Akumulatorskihbaterij D.D. (LJSE:RMTG) for €300 million on June 1, 2018. In a related transaction, In addition, Metair Investments has entered into an exclusivity agreement with a black female owned empowerment partner in relation to a potential 30% direct shareholding in Metair's Automotive Components vertical. This will provide additional funds which may be applied towards acquisition of Rudnik Me Ica Tab Tovarna Akumulatorskihbaterij. As of July 2, 2018, the exclusivity agreement with a black female owned empowerment partner in relation to a potential 30% direct shareholding in Metair's Automotive Components vertical has been terminated. The transaction is subject to a number of conditions including, inter alia, satisfactory completion of a detailed full scope due diligence and negotiating the final terms with the shareholders of TAB, Metair securing the required financial and shareholder support and other conditions customary to a transaction of this nature, such as regulatory and shareholder approvals as well as Metair Board recommendation. The transaction is expected to close in the final quarter of 2018.

Metair Investments Limited (JSE:MTA) cancelled the acquisition of Rudnik Me Ica Tab Tovarna Akumulatorskihbaterij D.D. (LJSE:RMTG) on August 15, 2018. The acquisition was terminated due to the weakening rand.