Driver Group disposes of South African subsidiary
International construction and engineering consultancy Driver Group has sold its South African subsidiary.
The Rossendale company, which specialises in dispute resolution, has sold Driver Trett South Africa (DTSA) to its local management team.
The group said it regarded DTSA as non-core with “little immediate prospect of improved performance under its current ownership structure”, adding that it had recently been loss-making.
In 2016, DTSA had revenue of £3.59m and a loss before tax of £550,000 with net liabilities of ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
