Tongaat Hulett, lenders to consider standstill agreement

World News: . []

Tongaat Hulett said on Thursday it was looking to negotiate a standstill agreement with its lenders, which had already agreed to waive some of their rights related to their loans to the troubled sugar producer. The news supported Tongaat shares, which have been under pressure since it issued a profit warning in February, and they were up 1.7% by 11:55 GMT.

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