Who are the new owners of Grinaker LTA?
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Who are the new owners of Grinaker LTA?
The Laula Consortium, which is acquiring construction group Grinaker-LTA from Aveng for R100-million, reports that its goal is to transform the struggling contractor into a profitable tier-one, black-owned group, while preserving the technical and human competence developed within the company over the past century.
Who is Laula consortium?
Laula is a consortium made up of three businesspeople, representing investment businesses they are controlling, namely: OTEO Holdings (Mlu Manci – Chairperson), Bruce Zungu (Non-Executive Director), Raymond Cele (Executive Director) and Bhekani Mdlalose (Group Managing Director).
What happened Grinaker LTA?
JSE-listed infrastructure group Aveng has sold another noncore asset, its Grinaker-LTA Building and Civil Engineering business, to the Laula Consortium for R100-million. The Laula Consortium includes Oteo Investments Holdings, Manzini Ventures and Upsize Trading.
Who is MLU manci?
Clive “Mlu” Manci has travelled a long road from his roots in KwaMashu to being Executive Chairman of Oteo Investment Holdings, Vice President of BUSA (Business Unity South Africa) and President of SACCI (South African Chamber of Commerce and Industry).
Who owns aveng group?
Eric Diack
Aveng
| Type | Public |
|---|---|
| Headquarters | Melrose Arch, Johannesburg , South Africa |
| Area served | Africa, Australasia, Southeast Asia, South America |
| Key people | Eric Diack (Chairman) Sean Flanagan (CEO) Adrian Macartney (CFO) |
| Services | Contract Mining, Shaft Sinking, Construction, Manufacturing, Steel |
Does aveng ever recover?
Aveng, which was established more than 125 years ago has had a tough post-2010 Fifa World Cup performance, with its share price falling by more than 99% in the past 10 years. But the company is making a comeback, turning its first annual profit since 2014, in the year ended 30 June 2021.
Will aveng delist from JSE?
Aveng made 6.6-billion follow-on rights offer shares available, of which 1.3-billion remained unallocated. Aveng will ask the JSE to delist the unallocated shares….Aveng raises R100m in follow-on rights offer.
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Will aveng recover?
Is aveng a good buy?
Can I buy aveng shares?
The easiest way to buy AVENG LTD shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request.
Will aveng share price rise?
If you are looking for stocks with good return, Aveng Ltd can be a profitable investment option. Aveng Ltd quote is equal to 1450.000 ZAC at 2022-06-13. Based on our forecasts, a long-term increase is expected, the “AEG” stock price prognosis for 2027-06-07 is 3639.660 ZAC.
