Murray & Roberts makes headway with debt-reduction plans
The firm intends to refinance the remaining SA debt held with a consortium of banks by June 2024
08 December 2023 - 13:44
UPDATED 08 December 2023 - 21:57
The shares of Murray & Roberts (M&R) gained the most in more than eight months on Friday after it said “meaningful progress” was being made to reduce the group’s debt with a consortium of SA banks.
The Johannesburg-based engineering and construction group said its Cementation Canada business had recently secured a renewed banking facility with a Canadian bank that would allow it to pay C$40m (R557.4m) in dividends to M&R over the six months to June 2024...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.