Mozambican bidder pulls out of Tongaat Hulett deal -Newsday Zimbabwe
RGS had offered about R8bn to rescue the ailing sugar business.
Source: newsday.co.zw
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RGS had offered about R8bn to rescue the ailing sugar business.
RGS had offered about R8bn to rescue the ailing sugar business.
Dublin, Jan. 09, 2024 (GLOBE NEWSWIRE) -- The
Mozambican group RGS has pulled out of the race to acquire sugar group Tongaat Hulett.
JSE-listed food producer RCL Foods, which on Friday filed an application to interdict one of Tongaat Hulett’s revised rescue plans from being voted on at a meeting on Wednesday, said on Sunday it will withdraw its court case. This follows an agreement with the business rescue practitioners (BRPs) to tweak the plan.