Webuild to acquire certain Australian business assets of Clough

Webuild to acquire certain Australian business assets of Clough

Italian construction firm Webuild will acquire certain Australian business assets of Clough for a total transaction consideration of AUD 17.6 million plus the assumption of employee liabilities. The acquisition is expected to help increase Webuild’s footprint in Australia and acquire minority interests in projects carried out with Clough in the country, apart from the engineering […]

Clough under voluntary administration as deal with Webuild falls apart

Clough under voluntary administration as deal with Webuild falls apart

South African engineering and mining contractor Murray & Roberts (M&R) has terminated the proposed sale of its Australian engineering subsidiary Clough to Italian multinational industrial group Webuild following a mutual agreement between the parties. Murray & Roberts has also decided to place Clough and its indirectly wholly owned Australian subsidiary Murray & Roberts Pty Ltd […]

Murray & Roberts to sell engineering company Clough to Webuild

Murray & Roberts to sell engineering company Clough to Webuild

Murray & Roberts, a South Africa-based engineering and mining contractor, has signed a sale and purchase pact to sell Clough Limited to an Italian industrial group Webuild for approximately A$350 million ($225.8 million). Clough is an Australia-based engineering and construction business, which has an order backlog and preferred bids of €4.8 billion and revenues of […]

Karratha urea project : Clough and Saipem bag $2.7bn contract

Karratha urea project : Clough and Saipem bag $2.7bn contract

Karratha urea project : Clough, an Australian engineering and construction company, and Italy-based Saipem in consortium have bagged a contract worth around $2.7bn from Perdaman Industries for developing a urea plant in Western Australia. The urea plant will be built on the Burrup Peninsula, northwest of Karratha, on the Western Australian coastline with an investment […]