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M&R Middle East operations still present a risk despite 2017 exit

Definitive withdrawal not possible until legal disputes are finalised.

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M&R shares plummet 24 4% as further detail on debt challenges emerge

The chance of regaining its Australian mining business is also ‘probably remote’.

South africaSouth africanMurray robertsRowan goellerChronux researchCementation pty ltdMurray roberts pty ltdBombela concession companyRoberts cementationSaharan africaCementation americas

M&R at risk of losing its Australian mining business

Following subsidiary Clough and M&R s holding company in that country going into administration.

South africaDavid fraserMurray robertsEd jardimRowan goellerChronux researchCementation pty ltdMurray roberts pty ltdBombela concession companyRoberts pty ltdPty ltdClough united states

M&R s Australian subsidiary Clough and holding company placed into voluntary administration

Shares plunge 15% as JSE-listed group cans plans to dispose of Clough to Italian group Webuild.

South africaMurray robertsEd jardimRowan goellerChronux researchCementation pty ltdMurray roberts pty ltdBombela concession companyMurray roberts international ltdRoberts pty ltdRoberts international ltdPty ltdClough united statesSaharan africa focused power

Clough engineering group would have collapsed with $103 million in losses without Webuild sale

The proposed sale of Clough to Webuild, which was struck in early November, will put the Italians in charge of building the $6 billion hydropower project Snowy 2.0.

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