South African firm Vasari Global's bid to acquire Cairns Holdings is back on track after the parties agreed on a valuation following disputes over the purchase price. 

Sources said it was now more certain the South African company would take over Cairns after the deal appeared to hit a brick wall while the other initial suitors were put on alert. 

They, however, could not disclose the agreed  purchase amount. 

The bidders for the central bank’s stake were local companies Dairibord Holdings and Judah Holdings Limited and South African firms Vasari Global and Eastern Trading Company Limited, but the judicial manager settled for Vasari.

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