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Murray & Roberts Announces The Potential Combination With Aveng Limited

18th May 2018 Murray & Roberts Holdings Limited (“Murray & Roberts”) today announced a potential transaction, proposing to make an all share offer to acquire the entire issued share capital of Aveng Limited (“Aveng”), as well as to implement a solution to enable the early redemption of the Aveng convertible... 

M&R hopes to convince ATON of commercial merits of Aveng tie-up

By: Terence Creamer     18th May 2018 Murray & Roberts (M&R) CEO Henry Laas says he will make every effort to convince its largest shareholder ATON – the German family-owned business, which owns 39% of the company and which has made a firm offer to acquire majority control of the South African engineering and construction group – of... 

Concor targets larger share of infrastructure market as part of big growth push

By: Terence Creamer     30th April 2018 Wholly black-owned construction group Concor, which marked its first year of operations in April, is aiming to materially increase its share of the public infrastructure market as part of an ambitious plan to increase its order book to R10-billion by 2020. The company, which has a Level 1... 

M&R Water, partner launch innovative wastewater treatment demo plant

By: Shirley le Guern     25th April 2018 Murray & Roberts Water (MRW), together with its European technology partner, Organica Water, on Wednesday launched an innovative, environment-friendly wastewater treatment plant that closely resembles a greenhouse at the eThekwini municipality’s Verulam Wastewater Treatment Works. The first of... 

Aton’s wooing of M&R shareholders continues

By: Marleny Arnoldi     24th April 2018 As it continues to seek support from Murray & Roberts (M&R) shareholders for its R15 a share buyout offer, German investment company Aton on Tuesday released salient information related to its buyout offer to address “stakeholder concerns”.  

Ivanhoe reaches Platreef Shaft 1 milestone 750 m below surface

By: Henry Lazenby     23rd April 2018 Blockbuster mine developer Ivanhoe Mines has reached a significant development milestone at its Platreef platinum/palladium/ gold/nickel/copper discovery on the northern limb of South Africa’s Bushveld Complex, after Shaft 1 has reached a depth of 750 m. Lateral development will take place from... 

Independent board urges M&R shareholders to reject Aton offer

By: Simone Liedtke     20th April 2018 An independent board established by Murray & Roberts (M&R) to assess the proposal by German family-owned business Aton to acquire all shares in M&R at R15 a share, has again recommended that M&R shareholders reject the offer. In an announcement on Friday, the M&R independent board reiterated that... 

Kusile power plant project, South Africa

By: Sheila Barradas     20th April 2018 General Electric has successfully completed performance tests on Unit 1 of the power plant. 

PIC, Aton lift shareholding in M&R

By: Marleny Arnoldi     17th April 2018 The Public Investment Corporation (PIC) has increased its interest in JSE-listed Murray & Roberts (M&R) to 20.15% of the total issued ordinary shares of the company.  

Murray & Roberts Cementation’s Community Training Opens Doors For Unemployed

17th April 2018 A proactive and ongoing training programme by the Murray & Roberts Cementation Training Academy (MRTA) is empowering hundreds of unemployed community residents with basic technical and safety skills, paving the way for them to enter the job market in mining and other sectors. According to Murray... 

PIC rejects Aton's takeover offer for M&R

By: Reuters     17th April 2018 South Africa's Public Investment Corporation (PIC), the second-biggest shareholder in Murray & Roberts (M&R), said on Monday it had rejected an offer by Germany's Aton to acquire the engineering and construction firm. M&R's biggest shareholder German investor Lutz Helmig's Aton, which owns more... 

Aton makes formal offer to M&R shareholders

By: Simone Liedtke     10th April 2018 German family-owned business Aton has made a formal offer to Murray & Roberts (M&R) shareholders to acquire all shares in M&R at R15 a share. The company on Tuesday said it had already acquired a further 3.1% stake in M&R from a top ten shareholder and that it will soon buy a further 6.5%... 

M&R independent board issues fair value price range

By: Marleny Arnoldi     4th April 2018 The R15-a-share offer that German investment firm Aton is proposing for JSE-listed Murray & Roberts (M&R) falls well short of what the independent board believes the company is valued at.  

M&R Cementation employees return to work at Booysendal North mine

By: Marleny Arnoldi     4th April 2018 Employees of Murray & Roberts Cementation (MRC) returned to work at platinum group metals producer Northam Platinum’s Booysendal North mine, on the border of Limpopo and Mpumalanga, on Wednesday.  

M&R's fifth-largest investor rejects Aton's buyout bid

By: Reuters     28th March 2018 The fifth-largest shareholder in Murray & Roberts (M&R) plans to reject a hostile buyout bid from Germany's Aton that values the South African builder at nearly $600-million. "The offer of R15 per share is below what we believe is fair value. As a result we won't be committing to sell into this... 

M&R board labels Aton offer 'opportunistic'

By: Marleny Arnoldi     27th March 2018 JSE-listed Murray & Roberts’ (M&R’s) independent board review has concluded that German investment holdings company Aton's planned offer of R15 a share is “opportunistic” and that Aton is unlikely to successfully delist M&R after the takeover. M&R reported on Tuesday that Aton’s proposed cash... 

M&R’s shares rise 50% as Germany’s Aton plans buyout 

By: Simone Liedtke     26th March 2018 JSE-listed Murray & Roberts’ (M&R’s) share price rose by more than 50% on Monday morning as it announced that German family owned business Aton plans to buy all shares in the company for R15 apiece. M&R on Monday said Aton, which already holds 33% of M&R’s shares, had informed the group of its... 

M&R awarded R3.8bn in underground mining contracts

By: Marleny Arnoldi     16th March 2018 Engineering and construction group Murray & Roberts (M&R) on Friday announced that it had been awarded new underground mining projects in North America and Australasia to the value of R3.8-billion.  

New presiding officer for Grayston bridge collapse inquiry announced

By: News24Wire      9th March 2018 Phumudzo Maphaha has been appointed as the new presiding officer of the Grayston Drive pedestrian and cyclist structural bridge collapse inquiry. Maphaha's appointment was announced on Thursday by Tibor Szana, chief inspector at the department of labour. 

M&R’s oil and gas unit turns to ‘complementary markets’ amid project slowdown

By: Terence Creamer     1st March 2018 The oil and gas unit of engineering and construction group Murray & Roberts (M&R) is actively pursuing projects in “complementary markets”, owing to a slowdown in new project activity in the Australasian oil and gas sector. The value of M&R’s oil and gas order book has fallen to below R4-billion,... 

Tribunal approves sale of Genrec to Southern Palace

By: Anine Kilian     22nd February 2018 The Competition Tribunal has unconditionally approved Southern Palace Group’s (SPG’s) acquisition of Genrec from Murray & Roberts (M&R). M&R in October last year agreed to sell Genrec to SPG for R185-million. 

M&R committed to deliver sub-Saharan power and water prospects as mega-project era draws to close 

By: Creamer Media Reporter      14th February 2018 The Power & Water business platform within JSE-listed engineering and construction group Murray & Roberts (M&R) is beginning to shift its attention from Eskom’s two megascale power station projects, in Limpopo and Mpumalanga respectively, to tackling a range of smaller opportunities in various... 

Underground mining division to drive more than 20% uptick in M&R's interim earnings

By: Megan van Wyngaardt     2nd February 2018 JSE-listed Murray & Roberts (M&R) expects to have achieved at least a 20% year-on-year improvement in its diluted and basic earnings per share and headline earnings per share for the is months to December 31. The uptick in results is attributed to its underground mining division, which is... 

Orange Farm gets new R90m reservoir

By: Creamer Media Reporter      24th January 2018 The City of Johannesburg has completed the construction of a R90-million reservoir in Orange Farm, increasing water storage capacity from nine hours to 27 hours and reducing disruptions in water supply to high-lying areas of the region. The 33.5 megalitre concrete reservoir was built at a cost of... 

Treading Carefully On N2 Contract To Preserve Mangrove Forests

15th January 2018 In one of the largest permit applications to go through the Department of Agriculture, Forestry and Fisheries (DAFF) in recent years, Concor Infrastructure has worked with specialist consultants to reduce its environmental footprint on the N2 national freeway contract north of Mtunzini in... 

Construction firm forges ahead on N2 road, bridges

15th December 2017 Infrastructure construction firm Concor Infrastructure is making progress on the 34 km section of the N2 highway between Mtunzini and Empangeni in KwaZulu-Natal, while ensuring minimal impact to environmentally sensitive areas along the route. 

South African regional operator orders two new airliners

By: Keith Campbell     15th December 2017 Privately-owned South African scheduled and non-scheduled domestic and international operations airline CemAir has concluded a $66-million deal with Canadian company Bombardier Aerospace for two new twin turboprop Q400 regional airliners. This follows on from a Letter of Intent signed between the... 

Medupi power station project, South Africa

By: Sheila Barradas     15th December 2017 Mitsubishi Hitachi Power Systems has completed delivery of the third boiler unit of the Medupi power station project. 

M&R acquires a further 17% of Bombela

By: Anine Kilian     8th December 2017 JSE-listed engineering and construction group Murray & Roberts (M&R) has completed the acquisition of a further 17% shareholding in the Bombela Concession Company (BCC) for a total consideration of R405-million.  BCC is a special-purpose vehicle that was appointed in 2006 by the Gauteng... 

Concor Infrastructure Boosts Order Book With New Contracts

5th December 2017 Concor Infrastructure recently secured two significant contracts in the mining sector, and managing director, Eric Wisse, says the company, formerly known as Murray & Roberts Infrastructure, is well positioned to take advantage of the recently increased optimism in the mining space. As part of... 

Medupi power station project, South Africa

By: Sheila Barradas     1st December 2017 Eskom has linked unit four of its Medupi coal power station to the grid. 

Concor Buildings Secures Phase 1 Of Oxford Parks

21st November 2017 Concor Buildings has secured the contract for the construction of Phase 1 of Oxford Parks. Situated at 199 Oxford Road, the entire Phase 1 and Phase 2 of this prestigious project will comprise four buildings totalling approximately 34,000 m2 and will include the new Johannesburg head office for... 

Concor Infrastructure forges ahead with new construction projects

By: Marleny Arnoldi     17th November 2017 Diversified infrastructure and services company Concor Infrastructure is halfway towards completing the additional 14-m-wide dual carriageway on the N2 highway between Mtunzini and Empangeni, in KwaZulu-Natal.  

Khobab and Loeriesfontein wind farm projects, South Africa

By: Sheila Barradas     3rd November 2017 The wind farms have been connected to State-owned power utility Eskom’s grid. 

M&R plans to hike stake in BCC by end November

By: Natasha Odendaal     2nd November 2017 JSE-listed Murray & Roberts (M&R) expects to wrap up the R405-million acquisition of an additional 17% stake in the Bombela Concession Company (BCC) by the end of November. In August, M&R secured a memorandum of understanding that would see the construction giant increase its effective... 

Ivanhoe hits shaft-digging milestone at Platreef

By: Henry Lazenby     1st November 2017 Africa-focused megaproject developer Ivanhoe Mines has reached the 500-m level below surface, during construction of the first shaft of the Platreef platinum-group meals (PGM) project, in South Africa's Limpopo province. The 7.25-m-diameter Shaft 1, which is expected to reach the Flatreef... 

Commission approves M&R’s buyout of further 40% stake in BCJV

By: Anine Kilian     30th October 2017 The Competition Commission has recommended the Competition Tribunal approve the proposed acquisition by Murray & Roberts (M&R) of a further 40% shareholding in Bombela Civils Joint Venture (BCVJ).   M&R’s current business operations are focused on natural resources market sectors, specifically... 

M&R sells Genrec to Southern Palace

By: Anine Kilian     30th October 2017 JSE-listed Murray & Roberts (M&R) has sold Genrec to black-owned industrial company Southern Palace Group. Certain assets and liabilities are excluded from the transaction and will remain with the group. 

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