JOHANNESBURG -The Competition Tribunal has set down Tuesday next week for the pre-hearing conference of the proposed acquisition of construction group Murray & Roberts by Germany-based Aton.
Last month, the Competition Commission recommended to the tribunal that the proposed acquisition be prohibited, describing it as a hostile takeover of Murray & Roberts by Aton.
Aton controls a number of firms, some of which have operations in South Africa such as Remgro-Capevin Investments, Financial Securities, Unilever South Africa Holdings and others.
Through Redpath SA, Aton provides a range of mining services to Sub-Saharan Africa, including the excavation of vertical or inclined openings from the surface for conveyance of miners, materials, ventilation, pumping water,
This is in addition to hoisting ore and waste rock, operational or maintenance activities, infrastructure development and upgrade, and whole of mine operational management.