Invicta rises to four-month high on news of sale of four businesses
Christo Wiese’s industrial holding company will part with Landboupart, Northmec, CSE and NHSA
20 July 2020 - 08:30
UPDATED 20 July 2020 - 18:50
The share price of Christo Wiese’s industrial holding company Invicta closed at its highest level in four months on Monday after the company announced it was selling four businesses for about R607m to pay down its most expensive debt.
The group said it was selling four businesses in its Capital Equipment segment, with its share surging 19.24% to close at R7.50...
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