CEO TP Nchocho says the IDC has received a cash-backed offer from an investor for a significant portion of its 59% stake in Foskor
The Industrial Development Corporation says it has received a cash-backed offer from an international investor that is keen to acquire a significant equity stake in its loss-making subsidiary Foskor.
CEO Tshokolo Petrus"TP" Nchocho told Business Day that the IDC has entered into a period of exclusivity with a"highly interested" offshore investor that has made an indicative offer for Foskor, the only vertically integrated producer of phosphate ore, phosphoric acid and granular fertiliser in SA...
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH: IDC narrows loss to R33mBusiness Day TV discusses the performance with IDC CEO TP Nchoncho
Read more »
Distell says its committed to speedy talks with Heineken as investors eye payoutThe liquor-maker recently held on to its dividend, pending talks with brewing giant Heineken, which is considering a takeover
Read more »
Distell says it is committed to speedy talks with Heineken as investors eye payoutThe liquor-maker recently held on to its dividend, pending talks with brewing giant Heineken, which is considering a takeover
Read more »
US stocks plunge as inflation worries send investors to exitsS&P 500 and Nasdaq are on course for worst day in four months
Read more »
MARKET WRAP: JSE firms as investors cast fears asideLocal market follows its European and US peers, shrugging off concerns about sustained inflation, supply-chain breakdowns and the US approaching its debt limit
Read more »
Distell and Heineken make ‘satisfactory’ progress in talks on tie-upDeal worth possibly more than R30bn would bulk up No 2 beer giant’s presence on continent
Read more »