JOHANNESBURG May 8 South Africa's Murray and
Roberts (M&R) will exit the Middle East as part of its
314 million rand ($23 million) disposal of its infrastructure
and building business, it said on Monday.
The engineering and construction group announced the sale of
the business, exluding the Middle East arm, in 2016 to Firefly
Investments, which represents a consortium led by black-owned
Southern Palace Group, as part of its drive to focus on the
global natural resources sector.
($1 = 13.5125 rand)
(Reporting by Nqobile Dludla, editing by Louise Heavens)