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Master Drilling boosts Bergteamet interest

Johannesburg-listed Master Drilling (SJ:MDI) has become the majority owner of Sweden-based raiseboring specialist Bergteamet. 

Master Drilling boosts Bergteamet interest Master Drilling boosts Bergteamet interest Master Drilling boosts Bergteamet interest Master Drilling boosts Bergteamet interest Master Drilling boosts Bergteamet interest

Master Drilling is hoping to boost its European raiseboring work with the acquisition of another 20% of Bergteamet

It has upped its stake to 60%, from 40%, by acquiring 12,000 shares of the company through an option agreement the two companies signed back in November 2015.
 
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