Business: CONSTRUCTION COMPANIES MERGE

Civcon is a mining and heavy industrial construction company, and G4 Civils operates in the fields of earthworks and road construction. Both companies operate out of Gauteng.

For Kwa-Zulu Natal-based construction company Erbacon, the merger means a very much larger construction footprint and spread of services in the industry. It also translates to turnover in excess of R1,5 billion for the new group.

The deal introduces a new, and significant BEE Investor into the merged Group. The transaction is subject to due diligence investigation and regulatory approvals.

Business News Sector Tags: Finance| Business|






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