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MURRAY & ROBERTS HOLDINGS LIMITED - Voluntary Announcement - Competition Tribunal approves sale of Murray & Roberts Infrastructure & Building businesses

Release Date: 09/03/2017 11:00
Code(s): MUR     PDF:  
Wrap Text
Voluntary Announcement - Competition Tribunal approves sale of Murray & Roberts Infrastructure & Building businesses

MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1948/029826/06
JSE Share Code: MUR
ADR Code: MURZY
ISIN: ZAE000073441
(“Murray & Roberts”)

VOLUNTARY ANNOUNCEMENT – COMPETITION TRIBUNAL APPROVES SALE OF
MURRAY & ROBERTS INFRASTRUCTURE & BUILDING BUSINESSES

Shareholders are referred to the announcement published by Murray & Roberts on the Stock
Exchange News Service of the JSE Limited (“SENS”) on 1 November 2016, regarding the sale
of the Murray & Roberts Infrastructure & Building businesses to a consortium led by the
Southern Palace Group of Companies Proprietary Limited (the “Transaction”), which was
subject to approval by the Competition Authorities of South Africa.

Shareholders are advised that following the approval of the Transaction by the Competition
Commission on 23 February 2017, the Competition Tribunal of South Africa unconditionally
approved the Transaction on 8 March 2017.

Certain conditions precedent in respect of the Transaction remain outstanding and shareholders
will be advised on SENS once these have been fulfilled. It is expected that the Transaction will
be completed before the end of the current financial year.


Bedfordview
9 March 2017

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 09/03/2017 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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