PROCESSING

Webuild closes Clough deal

WEBUILD has signed the contract with the administrators of 103 year old Australian engineering house Clough to acquire its assets and project stakes for about $36 million.

The Clough deal gives Webuild the bigger presence in Australia it desired.

The Clough deal gives Webuild the bigger presence in Australia it desired.

On December 5 Clough's owner, South African engineering firm Murray & Roberts, called in Deloitte Turnaround & Restructuring partners Sal Ageri, Jason Tracy, David Orr and Glen Kanevsky as voluntary administrators...

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