Commission approves M&R’s buyout of further 40% stake in BCJV

The Competition Commission has recommended the Competition Tribunal approve the proposed acquisition by Murray & Roberts (M&R) of a further 40% shareholding in Bombela Civils Joint Venture (BCVJ).   M&R’s current business operations are focused on natural resources market sectors, specifically within metals and minerals; oil and gas and power and water.  BCJV is a special purpose vehicle, which was established to design and build the civil works for the Gautrain rapid rail link.