ENGINEERING and building group Murray and Roberts (M&R) said on Wednesday it was in talks to sell its infrastructure and building businesses.The company, which was transforming from being predominantly a South African construction company to an international engineering and construction group, said negotiations with prospective buyers were at an advanced stage."The decision to dispose of the infrastructure and building businesses, supports the group’s long-term strategy to focus its business on the global natural resources markets, and follows an extended period of careful planning and consideration," said M&R CEO Henry Laas.The company gave no further details.SA’s construction industry has slowed sharply as government contracts, which big companies depend on, stall and weak commodity prices hit demand from the mining industry.Reuters
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