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Africa|Business|Mining
Africa|Business|Mining
africa|business|mining

M&R Limited's business rescue remains on track as M&R Holdings is placed under provisional liquidation

9th September 2025

By: Creamer Media Reporter

     

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Murray & Roberts (M&R) Limited says its business rescue remains on track and that the Gauteng High Court's order placing M&R Holdings under provisional liquidation has no impact on M&R Limited's business rescue.

"It is important to emphasise that M&R Holdings and M&R Limited are separate and distinct legal entities. M&R Holdings is the ultimate holding company, while M&R Limited is a downstream subsidiary with several intermediate entities in between," it points out.

M&R Limited entered voluntary business rescue proceedings in November last year. 

"Crucially, the Differential transaction under the adopted business rescue plan, which provides for the acquisition by the Differential investors of M&R Limited's subsidiary mining interests, including the Cementation businesses in Africa and the Americas, continues unaffected.

"These subsidiaries remain operational and are conducting business in the normal course," M&R Limited reiterates.

M&R Holdings, meanwhile, reports that the provisional liquidation order will return to court on October 17, with the creditor that filed the liquidation application expected to seek a final winding up order.

A provisional liquidator is expected to be appointed by the Master of the High Court in due course.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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