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22
Nov
2017

Group Five to sell stake in noncore pipes business for R80m

By:  Megan van Wyngaardt
Creamer Media Contributing Editor Online
 
CONSTRUCTION
JSE-listed construction company Group Five will sell its 50% interest in Group Five Pipe to LB Pipes for R80-million. “Although the manufacturing cluster remains a strong performer within the group and contributes solid earnings and cash flow, it is regarded as a noncore operation,” Group Five explained.
 
 
 
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