Aveng

Aveng has entered a sale of business agreement with Videx Wire Products for the sale of the Aveng Duraset Alrode in South Africa.

Aton GmBH’s move to acquire Murray & Roberts shares will not happen as it has intended. Perhaps because of concerns that one company will have too much control in the shaft sinking sector?

Aveng has disposed of its Aveng Water subsidiary, which includes Aveng Water Proprietary Limited and the Aveng Namibia Water business, following the outcome of a strategic review by the company which deemed these as non-core assets.

Murray & Roberts has effectively withdrawn its proposal to acquire Aveng on the back of recent developments which makes the deal unlikely.

Aveng and Murray & Roberts have reached, in principle, an agreement regarding the proposed terms of a potential combination of Aveng and Murray & Roberts.