A 2006 strategic review of the company’s operations culminated in the announcement of the proposed listing of Hulamin on the JSE and the Hulamin unbundling to create two separately listed, focused companies in 2007, namely:
This was achieved by the listing of Hulamin on the JSE, followed immediately by the unbundling of the 50% shareholding in Hulamin by Tongaat Hulett Group to its shareholders. It was accompanied by the simultaneous introduction of broad-based BEE equity participation in both Tongaat Hulett and Hulamin.
On the implementation of this transactions, Tongaat Hulett Group’s name changed and is now known as, Tongaat Hulett Limited.
The document detailing these transactions are below:
