JOHANNESBURG, July 2 (Reuters) - South African industrial group Barloworld said on Friday it will sell its Scandinavian car rental units for about 222 million rand ($28.71 million) to pay down debt and focus on higher-margin businesses. The company, which leases and sells automobiles and earth-moving equipment, said it would sell its interest in Avis and Budget car rental operations in Denmark …

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(AFX UK Focus) 2010-07-02 10:55 UPDATE 1-Barloworld sells Europe car units for 222 mln rand

Sales of new vehicles in every segment of the market have exceeded industry expectations.

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Car sales on a roll