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The company had been in business since 1981
The directors of the McGill-based construction company, based in Dundee, who collapsed, appointed a preferred bidder to buy the company.
The company took office on February 1 with the loss of 374 jobs.
Catalus Energy Investments Limited has been granted a "short period of exclusivity" to acquire the business and certain assets.
The KPMG Joint Directors stated that both parties hoped that a transaction could be concluded.
Blair Nimmo of KPMG said that the agreement on the sale would be subject to due diligence and a contractual agreement.
McGill, which had bases in Dundee, Edinburgh and Glasgow, has been active since 1981.
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