Federal-Mogul has entered into an agreement to sell its South african distribution operations to Chariot Holdings Limited.Federal-Mogul Federal-Mogul Corporation is a major automotive parts supplier based in Southfield, Michigan, USA. Currently operating under Chapter 11 reorganization, Federal-Mogul employs some 41,000 people in 24 countries. has entered into an agreement to sell its South African distribution operations to Chariot chariot, earliest and simplest type of carriage and the chief vehicle of many ancient peoples. The chariot was known among the Babylonians before the introduction of horses c.2000 B.C. and was first drawn by asses. The chariot and horse introduced into Egypt c.1700 B. Holdings Limited, a public company traded on the Johannesburg Stock Exchange Johannesburg Stock Exchange (JSE) Established in 1886, the Johannesburg Stock Exchange is the only stock exchange in South Africa. Gold and mining stocks form the majority of shares listed. . In connection with the sale of this business, the parties will enter into supply and distribution arrangements for certain Southern African replacement markets, including South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. , Federal-Mogul further announced that it has entered into separate agreement to sell its South African retail operations to Lexshell 16 Investment Holdings (Proprietary) Limited, a private investment company located in South Africa. |
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