Aveng, Kutana talks in progress
CONSTRUCTION and engineering group, Aveng says that negotiations for the empowerment deal between Aveng Grinaker- LTA and black women-owned company, Kutana Construction are ongoing. Aveng Grinaker-LTA agreed to sell a 51 percent beneficial interest and an initial 45 percent economic interest to Kutana for R756 million in October last year. The group had said the empowerment partner would ensure that Aveng GrinakerLTA remained relevant in transforming construction sector. The group has previously said the deal would culminate in the introduction of a black women-owned participant and emerging black contractors into the market.