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Acquisitions and Disposals |
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The capitalisation of Clough in December 2006 required an investment of A$23,2 million, and
the Group increased its shareholding by 3,0% to 49,1% at a cost of A$6,3 million.
An 80% stake in specialist contractor Wade Walker was acquired effective January 2007 for
the sum of
R68 million. The company is performing ahead of expectation and contributes to
the Group’s engineering capability in the mining, industrial and power sector.
The remaining 50% held by the Group in Borbet Africa was sold in the first half-year, followed
by the disposal of the foundries businesses, which had been part of the Group for 25 years.
Murray & Roberts continues to seek acquisition opportunities that will serve to enhance its
existing market presence. All existing businesses are reviewed on a regular basis to ensure
they are either aligned to the Group’s strategic and performance objectives, or that they fall
within the general competence of Group leadership. |
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