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Oakbay sells Tegeta

South Africa-based Oakbay Investments has sold its Tegeta Exploration and Resources mining business to unlisted Swiss-based fashion distribution company Charles King SA for R2.97 billion (US$223.8 million).

Jacqueline Holman
Unknown company Charles King SA has no discernible links to coal or mining

Unknown company Charles King SA has no discernible links to coal or mining

The sale is raising eyebrows, with almost no information available on the buyer, which doesn’t seem to have any discernible coal or mining links.  Oakbay, which is owned by the controversial Gupta family,...

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