# South African-based engineering and mining contractor Murray and Roberts has confirmed the sale of its global mining businesses following creditor approval of its business rescue plan. Key assets, including Cementation and Terra Nova, will be sold to a consortium led by Differential Capital. Proceeds will settle secured debts and retrenchments, though unsecured creditors may only receive partial payouts. The sale leaves Murray and Roberts Holdings commercially insolvent. The board will propose a voluntary wind-up of the group.
Murray and Roberts’ mining units sold after business rescue plan approved