MDM Engineering Group Ltd Merger Update (4530N)

TIDMMDM

RNS Number : 4530N

MDM Engineering Group Ltd

28 July 2014

MDM Engineering Group Limited

("MDM" or the "Company")

MDM and Foster Wheeler receive merger approval from Tanzanian Fair Competition Commission

MDM Engineering Group Limited (AIM: MDM), the minerals process and project management company focused on the mining industry in Africa, is pleased to confirm that approval for the proposed merger with Foster Wheeler AG (Nasdaq: FWLT) has been received from the Tanzanian Fair Competition Commission.

The application with the South African Competition Commission is progressing with a determination expected during August 2014.

Enquiries:

 
 MDM Engineering Group Limited         Tel: +27 11 993-4300 
 Martin Smith (CEO) 
 George Bennett (Executive Director) 
 
 Canaccord Genuity Limited             Tel: +44 (0) 207 523 8000 
 NOMAD and Broker 
 Neil Elliot 
 Chris Fincken 
 Joe Weaving 
 
 Tavistock Communications              Tel: +44 (0) 207 920 3150 
 Financial Public Relations and 
  Investor Relations 
 Emily Fenton 
 Jos Simson

KEY INFORMATION:

MDM:

MDM Engineering Group Limited is a minerals process and project management company focused on the mining industry. The Company provides a wide range of services including metallurgical testwork support, Preliminary Economic Assessments (PEA's), and bankable feasibility studies, through to plant design, construction and commissioning. To date, the Company's clients have largely been junior and mid-tier mining corporations with operations in Africa.

The MDM Engineering core technical team has a 25 year track record of completing a wide range of studies and execution projects across a variety of minerals, including precious metals, base metals, ferrous and non-ferrous metals, uranium and diamonds.

The Company has adopted an approach to project execution based on an open-book Engineering, Procurement, and Construction Management "EPCM" or "cost-plus" basis and on a Engineering, Procurement and Construct (EPC) basis. With a core focus on Africa, MDM Engineering is setting the benchmark standard for best practice in the mining services industry through its commitment to providing the highest quality services and actively engaging with clients to ensure maximum transparency.

For more information: www.mdm-engineering.com

ABOUT FOSTER WHEELER:

Foster Wheeler AG (Nasdaq: FWLT) is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company's Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, minerals and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company's Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom.

For more information about Foster Wheeler, please see www.fwc.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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