Master Drilling increases stake in A&R Group to 66%

Master Drilling Group Limited (JSE:MDI) announced it has increased its shareholding in the A&R Group of Companies to approximately 66%. The acquisition, effective May 1, 2025, follows Master Drilling's initial 25% equity interest and subsequent increase to just over 51%. The purchase consideration for the additional 15% stake is ZAR50.3 million, payable in 60 monthly installments with interest at prime less 2%, capped at a total of ZAR119 million. The acquisition is financed through internal resources, ensuring minimal impact on cash flow. Master Drilling expects the move to deepen its investment in technology-enabled mining, enhance innovation, and align operations with A&R's integrated service model. The board confirmed all necessary internal approvals have been obtained.