Macmahon confirms GBF buy

MACMAHON Holdings will acquire GBF Underground Mining Group for A$48 million in cash up front, as well two future payments.

Macmahon confirms GBF buy Macmahon confirms GBF buy Macmahon confirms GBF buy Macmahon confirms GBF buy Macmahon confirms GBF buy

Macmahon contractors underground

The two potential earn-out payments will be capped at $53.5 million and are based on performance over FY20 and FY21.