Tongaat business rescue sale to be voted on by end-November
Tanzanian company Kagera Sugar has been named by business-rescue practitioners as the proposed buyer
Sugar producer Tongaat Hulett’s business rescue plans for its main business and animal feeds unit will be released by end-October after creditors voted for the publication date to be extended from the end of September.
The extension will allow more information on the sale to be included in the main plan, making voting by creditors to approve the plan and sale a more informed process. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.