Tahal, my alma mater, lost money in Romania, and its African clients do not pay in time. It has contracts signed in Angola (pic. Quiminha) but no money to carry them out. Tahal's owner, KARDAN, has been trying to sell it for years but there was no buyer. Yesterday they bagged an offer for 12 million US$ from Shikun VeBinui group, and the bourse's reaction was electric. I own some, till yesterday, was worthless. The purchase agreement contains a seller's loan for 12 million, so apparently no money changed hands. The international agricultural development business is not profitable.
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