AECI Ltd ( (GB:87FZ) ) has issued an announcement.
AECI Ltd has successfully concluded the sale of its wholly-owned subsidiary, Much Asphalt, for R1 100 million. This divestment aligns with AECI’s strategy to streamline operations and focus on its core businesses, AECI Mining and AECI Chemicals, enhancing efficiency and leveraging competitive advantages.
More about AECI Ltd
AECI Ltd is a South African company focusing on the mining and chemicals industries. It aims to optimize its portfolio by concentrating on core businesses with strong market potential and divesting from non-core businesses that offer limited synergies.
Technical Sentiment Signal: Strong Sell
Current Market Cap: £393.2M
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