Murray and Roberts acquisition of Concor approved

Posted On Monday, 19 June 2006 02:00 Published by Commercial Property News
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The Competition Tribunal has unconditionally approved the acquisition of Concor by multi-faceted global contractor Murray & Roberts

Cobus Bester Murray & Roberts This was the only remaining condition precedent pertaining to the scheme of arrangement proposed by Murray & Roberts, a wholly-owned subsidiary of Murray & Roberts Holdings Limited, between Concor and its shareholders, other than Mexican Wave Investments (Pty) Limited, in terms of which Murray & Roberts will acquire all the shares in the issued share capital of Concor, other than those already held by Mexican Wave.

The scheme is therefore unconditional.

 

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