Aveng Finalises Sale Of Rail Business

Aveng is pleased to report that they have finalised the deal for the sale of Aveng Rail, the first major business unit in the Manufacturing operating group to be leaving Aveng. The deal with 100% black-owned investment company, Mathupha Capital, has been concluded on the same terms and conditions that were announced with the signing of the agreement in October last year and all the conditions have now been fulfilled. Mathupha Capital has taken full ownership with effect from 1 May 2019. The bus


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