Black-women-led group to buy 51% of Aveng Grinaker-LTA

Construction group Aveng announced on Tuesday that it had concluded a binding agreement to sell a 51% beneficial interest and an initial 45% economic interest in Aveng Grinaker-LTA to Kutana Construction for a maximum of R756-million. Kutana Construction is a black women-owned and -led business owned by the Kutana group, which is described as Pan-African investment company.