Hochtief agrees to sell its airport management business Hochtief AirPort to Canadian pension fund PSP Investments for EUR1.1bn.
ACS Group defended its takeover plan for Hochtief after reports that its German rival was unhappy with the bid.
Shareholders will meet to approve the scheme that will lead to Murray & Roberts acquiring the entire share capital of Concor, it has been announced
Concor has reported a 56% rise in its headline earnings per share for the year to end-June 2005 to 226.7 cents from a re-stated 145.4 cents a year earlier
The race is now on between Murray & Roberts and Wilson Bayly Holmes-Ovcon to conquer smaller rival Concor
Construction firm Concor expects to be awarded work on the world's most advanced aluminium smelter if French firm Pechiney gives the green light for the plant to be built at Coega.
Concor has trebled earnings for the six months to the end of December, with attributable earnings swelling from R3.1m to R9.6m.

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