EXCLUSIVE: SOUTH AFRICA: Dorbyl to sell Midas spares chain
South African engineering giant Dorbyl has confirmed it is to sell its high profile Midas chain of spares distributors, in line with its policy of disposing of non-core assets, writes Dave Cumming. The company has declined to identify the buyer but there is strong industry speculation that Midas will be the subject of a management buyout after completion of funding negotiations.
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