Macmahon Holdings Limited (AU:MAH) has released an update.
Macmahon Holdings Limited is set to acquire Decmil Group Limited, with plans to control 100% of Decmil’s shares, backed by a newly executed Bond Facility Agreement to support Decmil’s contract obligations. This strategic move aims to fortify Macmahon’s position as a leading mining services provider in Australia and Southeast Asia, emphasizing strong client relationships and risk minimization. Details of the acquisition and the bond agreement will be included in the upcoming Scheme Booklet for shareholder review.
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