Macmahon surges on Mongolian sale

SHARES in Macmahon Holdings surged over 40% this morning after it confirmed the sale of its problematic Mongolian operations to a private company for $US65 million ($A84 million).

Macmahon surges on Mongolian sale Macmahon surges on Mongolian sale Macmahon surges on Mongolian sale Macmahon surges on Mongolian sale Macmahon surges on Mongolian sale

Macmahon shares surged over 40% this morning after the confirmed sale of its Mongolian operations.

In an update this morning the contractor said it had already sealed and completed the transaction, with the net proceeds expected to land at about $62 million.

  • FREE coverage on the rapidly developing coronavirus pandemic. Visit our COVID-19 hub.
  • Latest COVID-19 Coverage: Pandemic no impediment. Read more.
  • Latest COVID-19 Coverage: Like sand through the hourglass. Read more