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Mozambican bidder pulls out after accusing Tongaat Hulett business rescue practitioners of bias

Mozambican group RGS has pulled out of the race to acquire sugar group Tongaat Hulett.

Eastern capeSouth africaTongaat hulettTongaat rgsFlender groupTl 0901Vision groupBr planRgs brRobert gumedeGerhard albertynMetis strategic advisorsBrps peter vanTrevor murgatroydKwazulu natalAlmoiz group

amaBhungane | Tongaat Hulett bidder in scathing attack on business rescue process

amaBhungane | Tongaat Hulett bidder in scathing attack on business rescue process
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Kwazulu natalSouth africaGerhard albertynTrevor murgatroydTongaat hulettRobert gumedeM aquil rajahussenDurban high courtGroup holdingsDurban high court onFlender groupTongaat groupSugar associationTerris sugar consortiumPublic investment corporationSa sugar association

Tongaat Hulett bidder in scathing attack on business rescue process

RGS Group Holdings alleges business rescue practitioners acted against the interests of the insolvent sugar giant and its creditors by frustrating RGS’s efforts to make an offer. Now they are heading to court to enforce the tabling of their bid.

Kwazulu natalSouth africaRobert gumedeM aquil rajahussenTongaat hulettTrevor murgatroydGerhard albertynTerris sugar consortiumTongaat hulett limitedDurban high courtSa sugar associationPublic investment corporationTongaat groupGroup holdingsFlender groupVision investments

amaBhungane | ANALYSIS: Who is behind the Tongaat Hulett bid battle?

amaBhungane | ANALYSIS: Who is behind the Tongaat Hulett bid battle?
news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.

United arab emiratesNew yorkUnited statesState of new yorkEastern capeSouth africaKwazulu natalHippo valleyZimbabwe generalCity ofUnited kingdomRepublic of guineaSouth africanSouth africansEmmerson mnangagwaSeif ali

Who is behind the Tongaat Hulett bid battle?

Questions have emerged concerning both the consortiums making multibillion-rand bids to buy the beleaguered sugar group Tongaat Hulett.

Kwazulu natalSouth africaEastern capeCity ofUnited kingdomHippo valleyZimbabwe generalUnited arab emiratesState of new yorkNew yorkUnited statesDutchess countySouth africanRepublic of guineaSouth africansPatrice motsepe

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