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Murray & Roberts Transfers its Sector Listing from Heavy Construction to Diversified Industrial
Johannesburg, 20 March 2017 – Murray & Roberts, at close of trading on the JSE Limited (“JSE”) today, transferred its listing of securities maintained on the JSE List from the Construction & Materials sector, sub-sector – 2357 Heavy Construction to the General Industrials sector, sub-sector 2727 Diversified Industrial.
This follows the Group’s announcement of the disposal of its South African Infrastructure & Building businesses, which was classified as non-core in 2016. This transaction should be completed within the second half of the current financial year.
Henry Laas, Murray & Roberts Group Chief Executive, comments: “Murray & Roberts has transformed into a multinational specialist engineering and construction group, and it has taken a long term view in deciding to focus its expertise on the global natural resources markets. This new strategic direction and resultant divestment from the civil engineering and general building market sectors made it appropriate to transfer our sector listing to General Industrial.”
This year, the Group is also celebrating 115 years in existence since it was founded in 1902, as well as recognizing its 65th year as a listed company on the JSE.
For further information contact:
Group Investor and Media Executive
About Murray & Roberts
Murray & Roberts has a long and proud heritage of more than a century and is today recognised as a multinational project lifecycle group. It’s the Group’s vision, by 2025, to be a leading multinational group that applies its project lifecycle capabilities to optimise client’s fixed capital investment. The Group achieves this by focusing its expertise and capacity on delivering sustainable and fit-for-purpose project engineering, procurement, construction, commissioning, operations and maintenance solutions.
The Group delivers its capabilities into three global market sectors: oil & gas; metals & minerals and power & water.
Murray & Roberts is headquartered in Johannesburg, South Africa, and is listed on the JSE Limited. It has offices in:
- South Africa, Mozambique, Zambia and Ghana
- Australia and South Korea
- North America
- USA and Canada
Murray & Roberts is a group of world-class companies and brands aligned to the same purpose and vision, and guided by the same set of values.
More information is available at www.murrob.com