DEALS | 07 DECEMBER 2021 Innovative restructuring solutions for sustainable business growth Absa | Corporate and Investment Banking > Insights and Events > Innovative restructuring solutions for sustainable business growth SHARE We helped Tongaat Hulett restructure their R6.3 billion debt package. Our long-term relationship, and our deep capabilities enabled us to support Tongaat Hulett restructure their R6.3 billion debt package. We drew on our expertise in Special Asset Management to understand the funding needs of the group in order to restructure the debt facilities and provide stability to enhance and protect value for all stakeholders. This transaction demonstrates our strategic intent to partner with our clients as they navigate challenges and to provide opportunities for them to recover and grow sustainably. The bravery to imagine and the will to get things done. That’s Africanacity. Tongaat Hulett is a leading agri-business in sugar, ethanol, animal feeds and cattle, with a significant asset base and footprint in Southern Africa, including Zimbabwe, Mozambique and Botswana. Tongaat is a significant contributor to Southern Africa’s economy. Contact Anthony Evens, Head of Special Asset Management for more https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles CHAMPAGNE A legacy of Roman tribes, monks and kings! Champagne is a sparkling wine synonymous with celebration, elegance and luxury. The wine’s name comes from the Champagne region in north-eastern France, where the delectable bubbles were first produced in the 17th century. The history of Champagne is a tale of innovation, luxury and resilience influenced by the events that shaped France since the 1600s. Read more CHAMPAGNE Deutz – It’s a love story! Interview with DR Kgaoelo Ntshwana and Itumeleng Mamabolo of Makhoi, the Champagner Official Importer & Distributor – Champagne Deutz. Read more CHAMPAGNE Champagne Taittinger – Fun Facts Taittinger is the 3rd oldest Champagne House, but for nearly 2 centuries it was known as Forest-Fourneaux. In 1734 Jacques Fourneaux learned from the Benedictine monks under the guidance of Brother Oudart, who worked with Dom Perignon – both early developers of sparkling wine. Read more
