(Reuters) - South African sugar and aluminium group Tongaat-Hulett will split into two companies and list its aluminium business Hulamin on the Johannesburg bourse on June 25, the group said on Thursday.
Tongaat-Hulett (TH), South Africa's second-biggest sugar producer, said in a statement it will also sell an 18 percent stake in TH to black investors and a further 7 percent to staff in a black economic empowerment (BEE) transaction.
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