
Murray & Roberts plans Aveng take-over
Loading player...
Engineering and construction giant, Murray and Roberts is in talks with cash-strapped rival, Aveng about a possible take-over. No formal offer has been made but the deal would include M&R settling R2 billion worth of Aveng's debt which is due next year but M&R's majority shareholder, Aton says that it will not support the proposed transaction. Henry Laas, CEO of Murray & Roberts joined us on the line for more insight into the rationale and impediments behind the possible deal.





