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MUR - Murray & Roberts - Acquisition and disposal

Release Date: 14/12/2006 11:09
Code(s): MUR
Wrap Text

MUR - Murray & Roberts - Acquisition and disposal MURRAY & ROBERTS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 1948/029826/06 JSE Share Code: MUR ISIN Code: ZAE000073441 ("Murray & Roberts" or "the Group") ACQUISITION AND DISPOSAL Shareholders are informed that the following transactions have been signed in terms of the Group`s ongoing rationalisation and growth objectives. Disposal of the Group`s remaining 50% share in Borbet South Africa (Pty) Limited to current investment partner Borbet Gmbh, a company incorporated in Germany. Acquisition of 80% of the shares in privately held Wade Walker (Pty) Limited, a medium-sized electrical and instrumentation engineering contractor serving the South African and regional industrial and mining sectors. The remaining 20% of the shares will be acquired from the current owners in terms of a performance contract covering the next three years. Both transactions remain subject to regulatory approvals and will have a limited impact on the Group`s financial results for the year to 30 June 2007. Johannesburg 14 December 2006 Sponsor: Merrill Lynch South Africa (Pty) Ltd Date: 14/12/2006 11:09:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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