Macmahon Holdings to acquire GBF Underground Mining for $48M

Macmahon Holdings has made a takeover offer of at least $48 million for GBF Underground Mining, with potential earn-out payments of up to $53.5 million based on performance. The acquisition is expected to complete in mid-August 2019.

“With GBF we have the opportunity to achieve meaningful scale in our underground contracting business.”australianmining.com.au

• 1 source
• australianmining.com.auMacmahon and GBF shake hands on $48m deal - Australian MiningBen CreaghJun 18, 2019

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