Murray & Roberts (MUR) – Clough sale and valuation update

On 8 November 2022 Murray & Roberts announced the proposed sale of Clough to Webuild S.p.A. in light of the significant working capital needs and the setbacks faced on the Traveler and Watsia projects. We engaged with MUR management on 8 November 2022 (Group Investor and Media Executive: Eduard Jardim). This is a report of our key findings and management responses.