JSE-listed construction company Aveng on Tuesday
received R85-million from Infinity Partners as payment for the sale of the
Aveng Water business.
Aveng announced the sale to the 100% black-owned
company in January, with an original selling price of R95-million, which was
subsequently reduced during the due diligence process.
Aveng said the finalisation of the sale underpinned
the company’s commitment to refocusing Aveng to become an international
infrastructure, mining and resources group.
The company also remains committed to completing the balance of its planned disposals in a timeous matter when acceptable value can be realised. https://www.engineeringnews.co.za/article/aveng-finalises-water-business-sale-2019-06-25
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