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Macmahon to deliver windfall for GBF vendors

THE vendors of GBF Underground Mining Group, Michael Foulds and Ross Graham, are set to reap a A$23.5 million windfall from their 2019 decision to sell the business to larger rival Macmahon Holdings.

Macmahon to deliver windfall for GBF vendors

Macmahon acquired GBF as part of its strategy to grow the capability and scale of its underground mining division, which has grown from 6% of revenue to 22%, thanks to two years of dramatic growth in demand...

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