New Potential Tiger Auto Buyer Appears
South Africa’s Tiger Automotive has confirmed it received a written expression of interest in purchasing the company from prominent South African private equity manager Ethos Private Equity. The company has offered to pay R 1.05 billion (£76.2 million) for Tiger Automotive. However, Tiger Automotive added that this document is in no way a binding offer, nor is it a notice of firm intention to make an offer on the tyre and wheel distributor.