M&R Middle East operations still present a risk despite 2017 'exit'
Definitive withdrawal not possible until legal disputes are finalised.
Source: moneyweb.co.za
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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’.
Source: moneyweb.co.za
M&R at risk of losing its Australian mining business
Following subsidiary Clough and M&Rs holding company in that country going into administration.
Source: moneyweb.co.za
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.
Source: moneyweb.co.za
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.
Source: afr.com