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IT

EOH sells off Syntell for ZAR 211 mln to service debt

Friday 20 November 2020 | 13:31 CET | News
South African technology group EOH subsidiary EOH Mthombo has sold its unit Mars Holdings and associate companies, together known as Syntell, to a consortium led by the current executive directors of Syntell, for a consideration of ZAR 211 million. The EOH said that the transaction is in line with EOH's stated strategic intention of selling non-core assets as it seeks to right-size the group and deleverage its balance sheet.

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Categories: IT
Companies: EOH
Countries: South Africa
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