Bidvest, the top 40 services and distribution group worth R65bn, is hoping to use its strong capital position to turn around the fortunes of Eqstra Fleet Management Logistics as it also looks to expand its own operations.  

Bidvest said on Monday it had agreed to buy Eqstra Fleet Management and Logistics from enX in a deal worth R3.1bn. enX has been trying to sell Eqstra since October 2018,  after its board decided it could do no more to enhance the operations of the company it had bought in 2016. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now