Johannesburg - Construction and engineering group Murray & Roberts (M&R) reported yesterday that it was currently engaged in negotiations about the potential disposal of non-strategic assets.
The group said the potential disposal followed a continual review of its strategic options.
M&R said these negotiations, if successfully concluded, might have an effect on the price of the company’s shares, although the financial impact of the proposed disposals might not be material to M&R.
The company advised shareholders to exercise caution when dealing in the company’s shares until a full announcement was made.
Shares in M&R dropped 1.94 percent yesterday to close at R12.65 on the JSE.
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