Last Friday, Clough announced that the proposal by Murray & Roberts to acquire all of the outstanding shares in Clough that it does not already own, was approved by the requisite majority of Clough shareholders. Clough has four business lines: Engineering, Capital Projects, Jetties and Near Shore Marine and Commissioning and Asset Support. It was focusing on two foundation market sectors – Energy and Chemicals and the Mining and Minerals market, targeting iron ore, coal, precious and other minerals and metals projects.

Services are delivered to these sectors in three key regions – Western Australia and the Northern Territory, Queensland and Papua New Guinea.  

Clough will seek the Federal Court’s approval of the scheme of acquisition at a hearing scheduled for Wednesday.