In August 2014, Buildmax Aggregates and Quarries (“BAQ”) entered into a sale of business and assets agreement with Raubex Group and its wholly-owned subsidiary, Raumix Aggregates (“Raumix”), in terms of which Raumix acquired certain assets of BAQ forR54.8 million plus the value of the stock (including stockpiles, spare parts and fuel).

 

Letamo Quarry is still owned by the group and a non-binding expression of interest has been received to purchase the quarry and related assets.

 

BAQ’s assets and liabilities have been classified as “held for sale” at year-end.