South Africa Business News: Edcon Holdings Ltd., Edgars, Jet


South African Retailer Edcon Holdings Ltd. in Restructuring Talks

Photographer: Waldo Swiegers/Bloomberg

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

Goldman Sachs Group Inc. and hedge fund Apollo Global Asset Management Inc. are among secured creditors with claims of 3.73 billion rand ($218 million) against Edcon Holdings Ltd., the failed South African retailer.

Administrators of the Johannesburg-based company are seeking buyers for Edcon…



Source link

ACM
About Author: ACM
This information is 3rd party content that is added to ACM strictly for non-commercial informational purposes. Information is the Key to Set the Black Mind Free