Browsing: Westcon-Comstor

Datatec shares jumped by the most on record after the South African IT services company agreed to sell the North and Latin American operations of its Westcon-Comstor business for as much as $800m

Datatec said on Tuesday that it has reached an agreement to sell subsidiary Westcon-Comstor’s operations in North America and Latin America for up to US$800m and 10% of Westcon-Comstor for $30m to US-listed IT supply

International ICT company Datatec is in talks to sell a major share of subsidiary Westcon’s operations for more than US$800m. Datatec, which is listed on the JSE, with a secondary listing on London’s AIM, operates across three

Datatec’s share price was trading almost 10% higher on Friday afternoon after the company disclosed significant looming corporate action involving major subsidiary Westcon-Comstor. The Johannesburg- and London