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Tribunal approves sale of Genrec to Southern Palace

22nd February 2018

By: Anine Kilian

Contributing Editor Online

     

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The Competition Tribunal has unconditionally approved Southern Palace Group’s (SPG’s) acquisition of Genrec from Murray & Roberts (M&R).

M&R in October last year agreed to sell Genrec to SPG for R185-million.

SPG last year also acquired M&R’s Southern African infrastructure and building businesses.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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