Industrial, petrochemical and fleet management group enX has agreed to sells its UK forklift and container handling equipment business for £31m (R619m), having concluded it would monetise its investment at a higher valuation than is reflected in its share price.

enX provides branded capital equipment, power, fuel and chemical products to a broad range of economic sectors in SA, Sub-Saharan Africa, UK and Ireland...

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 articles from our international business news partners; 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