Aveng Grinaker-LTA Ground Engineering sale falls through
The construction company says the buyer of the asset could not raise the required R7.5m
06 December 2019 - 13:17
Embattled construction group Aveng, whose share price has lost more than 99% of its value since the beginning of 2017, said on Friday that the sale of its Grinaker-LTA Ground Engineering (GEL) business fell through due to the purchaser being unable to raise the R7.5m required.
The failed deal is a setback for the company, which is selling off noncore assets to bolster its balance sheet...
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