Aveng - disposal announcement

Tuesday 1st September, 2015
Aveng announced that the disposal of 70% of Dimopoint (Pty) Ltd. (Dimopoint), a special purpose vehicle created for the purpose of holding certain properties and which is wholly owned by Aveng Africa (Pty) Ltd. (Aveng Africa), to Imbali Props 21 (Pty) Ltd. (Imbali 21), an entity of the Collins Property Group (Collins), has been successfully concluded and settled. The proceeds of R1.127 billion will be used to strengthen the financial position of the Group and to reduce overall debt.
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