Sale of enX’s fleet management business to Bidvest fails
Bidvest opted not to extend a date for the transaction as the parties waited for approval from the Prudential Authority
05 May 2020 - 09:03
EnX Group says the sale of its fleet management business, Eqstra, to Bidvest has fallen through after approval from the Prudential Authority (PA) failed to materialise before a deadline for the transaction.
EnX’s share price plunged 25.43% to R4 in morning trade on Tuesday, putting it on track for its worst one-day performance in at least five years, according to Infront data. Bidvest rose 0.55% to R146.15...
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