M&R: Settlement with commission reached

Published Jun 20, 2013

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Murray & Roberts (M&R) had entered into a settlement agreement with the Competition Commission regarding its fast-track settlement investigations into anti-competitive practices in the construction industry, it said yesterday. The company said the commission would make an announcement regarding its findings in due course. The settlement, M&R said, would be referred to the Competition Tribunal. “If confirmed by the Competition Tribunal, this represents a full settlement of all alleged collusive conduct as defined in the settlement agreement reached with the Competition Commission on Tuesday, the company said. M&R Holdings shares rose 2.02 percent to R24.78 yesterday. – Nompumelelo Magwaza.

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