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Oceana to go ahead with contentious deal involving former CEO Francois Kuttel

Oceana intends proceeding with its controversial deal whereby its recently resigned CEO, Francois Kuttel, acquires 75% of its US associate, Westbank Fishing, for $31.5m, it said in a statement on Friday.

Fund manager Benguela Global criticised the deal after it was announced on February 13, saying "this appears to be a blatant form of private-sector corruption".

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https://www.businesslive.co.za/bd/companies/2018-03-16-oceana-to-go-ahead-with-contentious-deal-involving-former-ceo-francois-kuttel/