WATCH: Are Murray & Roberts and Aton on a collision course?
Engineering and construction company Murray & Roberts is in talks with cash-strapped rival, Aveng about a possible takeover.
No formal offer has been made but the deal would include M&R settling R2bn of Aveng’s debt, which is due in 2019. However, M&R’s majority shareholder, Aton, has said it will not support the proposed transaction.
M&R CEO Henry Laas spoke to Business Day TV about the rationale behind the possible deal.
Murray & Roberts CEO Henry Laas talks to Business Day TV about the rationale behind the possible Aveng deal
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