Charles King is ‘a special purpose vehicle to facilitate Tegeta purchase’, Oakbay says
Oakbay has offered curious South Africans some information on Charles King, the Swiss company that is buying Tegeta from the Gupta-run business for R2.97bn, along with some details on Charles King owner Amin al-Zoorani. Oakbay said Charles King was a special purpose vehicle that Zarooni acquired to facilitate the Tegeta purchase. Amid speculation about Zoorani’s business background, ANC MP Pravin Gordhan said earlier on Wednesday that he had received a tip that Zarooni was a player in the fashion world. But Oakbay said in its follow-up statement that Zoorani was a "leading businessman in the United Arab Emirates", active in private equity markets and involved with "various commodity businesses around the world", including several joint ventures with French companies: Arep Ville Abu Dhabi, a joint venture with French group Arep; Egis Emirates Abu Dhabi, with Egis of France; Gimaex-One Seven, with Gimaex International; Golden Triangle Investment; Nepteam Middle East, with Nepteam Fran...
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