Obscure firm bets big on Tongaat stake
Evanstan Investments becomes one of the sugar producer’s largest shareholders
08 March 2020 - 18:58
Little-known Evanstan Investments has become one of Tongaat Hulett’s largest shareholders after it bought 5.18% of the agri-processing company’s total issued shares.
On March 6, Tongaat’s major shareholders were the Public Investment Corporation (PIC) with a 13.69% stake, RMB IBD Leverage Finance and Depfin Investment, each with a 9.07% interest, and Investec with 4.18%...
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