enX to sell UK forklift business for £31m
Sale will allow group to monetise subsidiary at valuation above what it believes is reflected in share price
15 April 2021 - 13:30
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...
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