AECI Ltd (GB:87FZ) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
AECI Ltd has announced the sale of its wholly-owned subsidiary, Much Asphalt Proprietary Limited, to Old Mutual Private Equity and Sphere Investments for an estimated R1.1 billion. This strategic divestment allows AECI to focus on its core businesses in mining and chemicals, positioning the company for sustainable growth. The transaction is part of AECI’s strategy to streamline operations and enhance efficiency.
For further insights into GB:87FZ stock, check out TipRanks’ Stock Analysis page.
