EOH disposes of stakes in Construction Computer Software and LSD Information Technology
EOH sold 70% of CCS in July 2019 for R444.4m to Germany's RIB Software
20 April 2020 - 19:54
Technology group EOH has disposed of its stakes in Construction Computer Software (CCS) and LSD Information Technology (LSD) in an effort to strengthen the group’s balance sheet in line with its strategy of selling noncore assets to pay down debt and improve liquidity.
EOH sold its remaining 30% stake in CCS for R444.4m to Germany's RIB Software. The sale comes nine months after the disposed of its 70% stake in the developer of software for the construction industry. At the time EOH had said it would retain the remaining shareholding as “strategic equity”. ..
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