This transaction completes the disposal of the wagon rental fleet after having previously announced the sale of approximately two-thirds of the wagons in FY19.
The sale will be finalised in December 2020. The net sale proceeds of just over $3.8 million will be reinvested into the company.
Shares in Engenco (ASX:EGN) closed 1.03 per cent higher at $0.49 yesterday.