Aton deal blocked due to underground mining concerns, says Murray & Roberts
The Competition Commission recommended against Aton’s takeover of M&R on Friday, prompting a 14% share price fall
22 July 2019 - 12:53
Embattled construction group Murray & Roberts (M&R) said on Monday its proposed takeover by German company Aton had been blocked by competition authorities as the parties were close competitors in the underground mining market in SA.
The Competition Commission found ongoing and competitive interactions between the merging parties in shaft-sinking, contract mining, mine development and underground construction, M&R said on Monday...
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