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EOH Holdings announced on Tuesday that it has sold subsidiary Sybrin for a cash consideration of R334.4-million. The money will be used mainly to pay down debt.
High-flying IT services company EOH has acquired 100% of financial services software specialist Sybrin, which employs 150 people, for an amount neither party is disclosing. EOH, which is listed on the JSE with a market capitalisation of R8bn