July 24, 2014 3:20 PM ET

Construction and Engineering

Company Overview of Aveng Limited

Company Overview

Aveng Limited, together with its subsidiaries, provides a range of construction, infrastructure, and engineering products, services, and solutions worldwide. It offers building, civil engineering, concessions, earthworks, property development, and mechanical and electrical engineering services for power, mining, infrastructure, commercial and industrial, and oil and gas sectors. The company also operates as an engineering, construction, building, and maintenance contractor serving the building, infrastructure, and resource markets focusing on building, rail, civil, electrical, marine, mechanical pipelines, fabrication, tunneling, and underground services; and offers concept and detailed engi...

204 Rivonia Road

Morningside

Sandton,  2057

South Africa

28,296 Employees

Phone:

27 11 779 2800

Fax:

27 11 784 5030

Key Executives for Aveng Limited

Chief Executive Officer
Age: 48
Total Annual Compensation: $3.7M
Group Human Resources Director
Age: 48
Total Annual Compensation: $3.6M
Executive Director
Age: 60
Total Annual Compensation: $1.5M
Compensation as of Fiscal Year 2013.

Aveng Limited Key Developments

Aveng Limited Provides Earnings Guidance for the Year Ended June 30, 2014

Aveng Limited provided earnings guidance for the year ended June 30, 2014. For the year, the group anticipated that headline earnings per share and adjusted earnings per share, excluding the impairment of goodwill intangible assets, will be between 0% and 10% lower, at 112.1 cents per share and 124.6 per share compared to 124.6 cents per share in the comparative period. Due to the impairment of goodwill intangible assets of both Aveng Grinaker-LTA and the Water business of Aveng Engineering, a loss per share of between 99.6 cents per share and 112.4 cents per share is anticipated for the year ended June 30, 2014 compared to an earnings per share of 124.6 cents in the comparative period.

Aveng Seeks To Sell Non-Core Assets

Aveng Limited (JSE:AEG) plans to sell non-core assets including properties to raise at least ZAR 2.5 billion.

Aveng Limited Announces Appointment of Adrian Macartney as Group Financial Director and Chief Financial Officer, Effective from September 8, 2014

Aveng Limited announced the appointment of Adrian Macartney as Group Financial Director and Chief Financial Officer with effect from 8 September 2014. Mr. Kobus Verster, who has been acting Group Financial Director in addition to his role as Chief Executive Officer, will relinquish his acting position upon Adrian joining Aveng. Adrian is currently an Audit partner at EY with over 20 years of assurance, transactions and advisory experience.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 3, 2014
--
Merger/Acquisition
August 13, 2013
--
Merger/Acquisition
July 26, 2013
--
 

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