Aveng CEO clears the air on Trident steel disposal after shares crash a third
The group’s shares were having the worst day in about a year on Monday, after it warned of an interim profit fall of as much as a quarter
14 February 2022 - 16:17
UPDATED 14 February 2022 - 19:06
After the stock price dropped nearly a third on Monday afternoon following a trading statement, the CEO of infrastructure and services group Aveng moved to reassure investors and clarify the impact of reclassifying its Trident Steel subsidiary.
Aveng’s shares fell as much as 35% to an eight-month low before paring losses. It closed trade 17% lower at R22...
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