Rescue practitioners expect proceeds of R709m from initial Group Five disposals

World News: . []

Business rescue practitioners (BRPs) at construction firm Group Five reported on Wednesday that the disposal of stakes in three companies, together with sale of plant, assets and property, is expected to yield proceeds of R709-million. Group Five’s shares were suspended in March after the company entered business rescue and David Lake and Peter van den Steen were appointed as the joint BRPs.

Read More: https://www.engineeringnews.co.za/article/rescue-practitioners-expect-proceeds-of-r709m-from-initial-group-five-disposals-2019-05-15

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