- Murray & Roberts Ltd (“MRL”) has entered into a Sale of Business Agreement with Main Road Centurion in terms of which MRL will dispose of its 80% interest in Aarden Solar.
Aarden Solar is a wholesaler based in South Africa. Its product range includes solar panels, inverters, batteries, and related green energy products. It provides its clients with an efficient procurement service for products suitable for solar installations, generally ranging from 3kW up to 10MW.
As a wholesale business, Aarden Solar is not strategic to Murray & Roberts.
The Transaction consideration is R73 million and will be applied to MRL’s working capital requirements.
Author: Bryan Groenendaal