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Invicta up, to buy equipment business

February 18 2013 at 02:15pm
By Reuters

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CorporateBusiness

Johannesburg - Shares of Invicta Holdings rise more than 1 percent after the investment company says it will buy High Power Equipment Africa to broaden its capital equipment product offering on the continent.

High Power Equipment Africa holds the Hyundai earthmoving and construction equipment and spare parts agency for South Africa and surrounding countries, the company says.

Invicta shares are up 1.57 percent at 93.39 rand. - Reuters


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