enX Group divests EIE Group to CFAO South Africa for R700 million

enX Group concluded agreements with CFAO South Africa for the divestment of EIE Group, its Southern African materials handling business, for an aggregate consideration of R700 million.

“Shareholders are advised that on 29 November 2021: - enX, CFAO South Africa and EIE Group concluded the subscription agreement; and - enX and EIE Group concluded an agreement regarding the share repurchase, to give effect to the proposed transaction subject to the completion of the remaining conditi”listcorp.com

• 1 source
• listcorp.comUpdate on divestment of enX’s Southern African materials handling business - enX Group Limited (JSE:ENX) - Listcorp.Nov 30, 2021

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