JSE-listed capital equipment and solutions provider ELB Group will proceed with selling its Australian business, after a majority of shareholders voting in favour of the disposal.
The company hosted a general meeting on May 25 for shareholders to vote on the proposed disposal of ELB Australia.
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ELB Australia imports, distributes and maintains underground utility construction equipment and green waste processing equipment. Markets served are gas, water, sewage, electricity, communications, the defence force and airport and dock authorities.
ELB Group in February announced the possibility of selling its Australian business, as part of a business restructuring exercise, which includes restructuring its lossmaking engineering s…
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