600 Group, a diversified engineering firm, has sold the entire share capital of 600 South Africa after the conditional contract was approved.
The operations, which were sold due to difficulties that were being experienced in repatriating net operating income to the parent company, was sold to Eqstra Holding for a consideration of ZAR 24.3m (£1.86m), of which ZAR 1.8m (£0.14m) is deferred for up to six months and subject to certain further undertakings.
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