Phatisa increases stake in Kanu Equipment to 85%

Phatisa reached an agreement to buy Torre Industries' remaining shareholding in Kanu Equipment Limited, increasing Phatisa's stake to 85% and management's to 15%. Kanu is a heavy-equipment supplier in Africa.

“Phatisa has reached an agreement with JSE-listed Torre Industries Limited (Torre), whereby Phatisa and Kanu management buy Torre’s remaining shareholding in Kanu Equipment Limited (Kanu).”savca.co.za

• 1 source
• savca.co.zaSAVCA - Phatisa backs Kanu's vision to build Africa's leading equipment business | PhatisasavcaJul 7, 2017

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