Torre Industries

Activity by year

20162017201820192020202120222023202420252026

Acquisition

Jul 7, 2017ACQUISITION
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.
Torre Industries partner Kanu Equipment target Phatisa acquirer #Mining Equipment savca.co.za
Nov 23, 2016ACQUISITION$26.7M
Torre Industries sells 55% stake in Kanu Equipment to African Agriculture Fund
Torre Industries sold its 55% stake in Kanu Equipment to the African Agriculture Fund (AAF) in a deal valued at $26.7 million. The transaction eliminates Torre's external debt and provides a significant net cash position. Kanu supplies earthmoving, forestry, agricultural and construction equipment across Africa.
Torre Industries partner Kanu Equipment target African Agriculture Fund acquirer #Industrial Machinery businessday.co.za

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