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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now