J&J and M&R in R75m BEE deal

October 18, 2005

In one of the biggest black economic empowerment deals in the materials handling equipment sector, unlisted investment company J&J Group has acquired Criterion Equipment from South African construction firm Murray and Roberts (M&R) for R75-million, it was announced on Tuesday...

J&J will own 90 percent of the business directly and through its private equity fund, with the remaining ten percent in the hands of the management.

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