Murray & Roberts' business rescue practitioners have concluded the Differential Capital transaction to acquire the multinational engineering and construction group's major mining interests, including the Cementation operations in both Africa and the Americas, as well as the Terra Nova Technologies (TNT) businesses.
Murray & Roberts’ Joint Business Rescue Practitioners (BRPs) have successfully completed the Differential transaction, a milestone in the business rescue plan that secures the future of Murray & Roberts’ major mining services businesses across the world, as well as about 2,600 jobs and critical engineering capabilities.
The transaction, the centre piece of the business rescue plan, sees a group of investors led by Differential Capital acquire MRL’s major mining interests, including the Cementation operations in Africa and the Americas, as well as the Terra Nova Technologies (TNT) businesses.
MRL entered voluntary business rescue in November 2024 following a prolonged period of financial pressure within the broader Murray & Roberts group.
Valued at R1,27 billion, the transaction was Differential designed to preserve the value of MRL’s mining businesses and secure their future outside of the Murray & Roberts group structure.
