The joint business rescue practitioners (BRPs) of Murray & Roberts Limited (MRL) have completed the Differential Capital transaction, a major milestone in the implementation of MRL’s business rescue plan.
This also 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, which forms the centrepiece of the MRL business rescue plan, entails a group of investors led by Differential Capital acquiring MRL’s major mining interests, including the Cementation operations in both 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 designed to preserve the value of MRL’s mining businesses and secure their future outside of the Murray & Roberts group structure.
