Tongaat to sell starch business to Barloworld

Portugal Notícia Notícia

Tongaat to sell starch business to Barloworld
Portugal Últimas Notícias,Portugal Manchetes

The sugar producer wants to cut debt by R8.1bn by March 2021

A Tongaat Hulett sugar cane field. Picture: BLOOMBER/WALDO SWIEGERS

Tongaat is selling assets in a bid to cut R8.1bn in debt by March 2021. The former blue-chip firm also intends to ask shareholders for about R4bn in a rights offer.

 

Portugal Últimas Notícias, Portugal Manchetes

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