Advertisement
UK markets open in 1 hour 8 minutes

  • NIKKEI 225

    37,640.10
    -819.98 (-2.13%)
     

  • HANG SENG

    17,280.03
    +78.76 (+0.46%)
     

  • CRUDE OIL

    82.94
    +0.13 (+0.16%)
     

  • GOLD FUTURES

    2,329.10
    -9.30 (-0.40%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • Bitcoin GBP

    51,556.47
    -1,930.34 (-3.61%)
     

  • CMC Crypto 200

    1,389.04
    -35.06 (-2.46%)
     

  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     

  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

Associated British Foods plans buyout offer for South Africa's Illovo Sugar

Reuters - UK Focus

JOHANNESBURG, Feb 8 (Reuters) - South Africa's Illovo Sugar (Other OTC: ILVOF - news) said on Monday it has received a non-binding expression of interest from its largest shareholder Associated British Foods to acquire the rest of the company's shares.

ABF, which holds a 51.35 percent stake in Illovo, intends to make an offer of 20 rand ($1.24) per share for the stake it does not yet hold, Africa's top sugar producer said in a statement, in a deal that would amount to around 4.1 billion rand.

Illovo shares rose 8.93 percent to 20.01 rand by 1338 GMT.

($1 = 16.1745 rand) (Reporting by TJ Strydom; Editing by James Macharia)