M&R’s share price surges as it bags deal to sell Clough
15 February 2023 - 20:44
UPDATED 16 February 2023 - 11:26
The shares of specialist engineering group Murray & Roberts (M&R) surged to their best level in more than three months after it announced the deal to sell its stake in the Asia-Pacific assets of Clough construction to Italian industrialist group Webuild for R445m was back on, bringing an end to its subsidiary’s voluntary administration process.
M&R’s share price made its biggest jump on the JSE since November 8 following the announcement on Wednesday, rising by as much as 19.5% to R3.30, before settling 8.7% higher at R3...
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