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Business|Engineering|Mining|Services|Contracting
business|engineering|mining|services|contracting

M&R again fails to regain control of RUC

M&R's offices in Bedfordview, Gauteng

Photo by Creamer Media's Donna Slater

4th October 2023

By: Creamer Media Reporter

     

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Engineering and contracting group Murray & Roberts (M&R) was unable to regain control of RUC, the Australian mining services business it lost when its Australian holding company, MPRL, and Clough entered voluntary administration in December 2022.

M&R has, therefore, started to capacitate a subsidiary company in Australia, Cementation APAC, to provide engineering and contracting services to its mining clients in the Asia-Pacific region.

M&R states in an October 4 update to shareholders that secured creditors of MPRL had, during a second creditors meeting held in Australia, approved a Deed of Company Arrangement, which preserved the option for a full sale or restructuring transaction to occur in the future.

This approval means M&R is unable to regain control of RUC.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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