Aveng sells Trident Steel business for R700 million

Aveng Group entered into a sale agreement to dispose of its Trident Steel division as a going concern to Trident Steel Africa Proprietary Limited for R700 million, retaining a 30% interest for up to one year.

“Aveng has entered into a Sale of Business Agreement to dispose of the business of Trident Steel as a going concern to Trident Steel Africa Proprietary Limited for an amount of R700 million.”listcorp.com

• 1 source
• listcorp.comDisposal of Trident Steel and withdrawal of cautionary announcement - Aveng Group Limited (JSE:AEG) - Listcorp.Oct 4, 2022

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