Decmil Group Limited (AU:DCG) has released an update.
Macmahon Holdings Limited has taken a significant step towards acquiring Decmil Group Limited by entering into a Bond Facility Agreement to support Decmil’s new contract acquisitions and existing operational contracts. This move comes as part of the ongoing Scheme of Arrangement, which is progressing with a draft Scheme Booklet soon to be reviewed by ASIC, detailing the acquisition and independent expert reports. Investors are looking at a potential consolidation in the mining services industry, which could impact the market dynamics and share values of both companies.
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