JOHANNESBURG (news wire) – German investment house ATON has raised its stake in South African builder Murray & Roberts to nearly 40 percent, it said on Tuesday.
Thank you for reading this post, don't forget to subscribe!ATON, which already held about a third of the stock, is in the middle of a $400 million takeover bid for the rest of Murray & Roberts.
The bid has been rejected by Murray and Roberts, which itself has started all-share merger talks with rival Aveng.
Reporting by Tiisetso Motsoeneng; editing by Jason Neely
