Murray & Roberts’ second biggest shareholder increases stake amid takeover battle
16 Apr Murray & Roberts’ second biggest shareholder increases stake amid takeover battle
Posted at 15:44h
in
News
by KMFSLLP
JOHANNESBURG, April 17 (Reuters) – Africa’s biggest pension
fund Public Investment Corporation (PIC) has increased its stake
in Murray & Roberts to 20 percent after opposing a
takeover offer for the South African engineering group.
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