Tongaat Hulett has a plan B if Barloworld deal fails
Other buyers are interested if the sale of its starch and glucose assets falls through, says CEO Gavin Hudson
16 August 2020 - 20:05
Sugar producer Tongaat Hulett will seek new buyers for its starch and glucose assets if its pending deal with Barloworld subsidiary KLL Group fails.
The pair are locked in a dispute after Barloworld attempted to exit the R5.3bn deal to acquire the sugar producer’s starch business. The industrial group expressed concerns about the impact of the coronavirus pandemic on the acquisition and said it could alter its value...
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