Third-party opinion on sale of Tongaat unit due in September, says Barloworld
Barloworld and Tongaat Hulett are in dispute over the R5.3bn sale of the sugar producer's starch business
07 July 2020 - 11:26
Industrial group Barloworld said on Tuesday a third-party opinion on its dispute with Tongaat Hulett over the R5.3bn sale of that company's starch business is due in September.
Barloworld, which had set out to buy Tongaat’s starch business under its subsidiary KLL Group, tried to back out of the deal in May stating that the effect of Covid-19 could alter the value of the acquisition...
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