Uncertainty about Aton’s four-year bid for control of engineering group Murray & Roberts (M&R) looks set to continue until at least early 2020, when the Competition Tribunal will hear arguments against the Competition Commission’s recommended prohibition.

In July, the M&R share price dropped by almost 20% to its lowest level in 16 months after the commission announced that it wanted the proposed takeover by Germany-owned Aton to be prohibited by the tribunal...

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