EOH sells 70% of construction software business for R444m
For RIB, the deal gives it more users and the ability to strengthen its offering and diversify into new markets
02 July 2019 - 07:54
Troubled IT group EOH sold control of its German unit, in a R444 million deal that kicks off the sale of non-core assets to pay down debt and revive its fortunes as it works to strengthen corporate governance.
EOH has changed executive leadership, suspended employees and launched an internal investigation into possible corruption in the company’s bidding for several government tenders...
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