Aveng receives R210 million relating to the disposal of Trident Steel

Highlights:

• Aveng provided a R210 million loan as part of the Trident Steel disposal transaction, allowing them to acquire a 30% equity stake in the new Trident Steel Business.
• The option holder has exercised the call option on Aveng’s 30% holding, leading Aveng to call upon the demand guarantee. Aveng received R210 million payment, including interest, contributing to the Group’s liquidity, balance sheet strength, and supporting its McConnell Dowell and Moolmans businesses.