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Tegeta

Source: Tegeta | Oct 27, 2016

Tegeta sets record straight on Barloworld application

Tegeta and Optimum expect Barloworld’s application to be withdrawn

Tegeta notes media reports regarding an application issued by Barloworld against Optimum Coal Mine (Pty) Ltd (“Optimum”). Following its purchase of Optimum in April this year, and whilst Optimum was still in business rescue, Tegeta inherited a disputed balance with Barloworld. Optimum has instructed its bankers to settle the balance…

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