Contract mining, civil engineering and quarrying company Macmahon Holdings Ltd has acquired a 60 per cent shareholding in the Australian rail construction and maintenance business MVM Rail Pty Ltd for $5.3 million.

Contract mining, civil engineering and quarrying company Macmahon Holdings Ltd has acquired a 60 per cent shareholding in the Australian rail construction and maintenance business MVM Rail Pty Ltd for $5.3 million.