03
Feb
13:52
South Africa Competition Commission approves ATS acquisition
South Africa's Competition Commission has approved the acquisition of Aveng Trident Steel (ATS) by Trident Steel Africa (TSA), Kallanish notes.
Aveng, the listed construction and contract mining group that has undergone a turnaround, signed an agreement to sell its Trident Steel subsidiary for ZAR 700 million ($40.81m). The buyer is Trident Steel Africa (TSA), a new company formed for the acquisition, funded by a consortium of local and US …
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