August 8, 2018 / 7:21 AM / 8 days ago

South Africa's Murray & Roberts says withdraws Aveng merger proposal

Aug 8 (Reuters) - South African construction company Murray & Roberts said on Wednesday that it had withdrawn plans for a potential merger with rival Aveng.

The company announced last week that it was reviewing a decision by a South African regulator which prohibited it from seeking the merger, opposed by Murray & Roberts’ biggest shareholder ATON.

Reporting by Patricia Aruo Editing by Ed Stoddard

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