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Murray & Roberts to sell Gautrain stake for R1.3bn
Murray & Roberts (M&R) is selling its 50% stake in Bombela Concession Company (BCC) to Intertoll, an Amsterdam-based infrastructure group, for R1.3bn.
Source: Bioclear South Africa via Wikimedia Commons
BCC operates the Gautrain, a high-speed express commuter rail system in Gauteng. It was appointed by the provincial government in 2006 to oversee the design, build, operation, and maintenance of the project.
Murray & Roberts has announced that it will sell its 50% shareholding of Bombela Concession Company. Bombela is the company that operates Gautrain. #DStv403 #eNCA pic.twitter.com/na8MLISRWz
— eNCA (@eNCA) December 1, 2022
The proposed agreement entails a 33% stake in BCC held by M&R, and a 17% stake held by M&R BCC Financing Company.
The transaction is pending shareholder approval, with M&R and Intertoll aiming for implementation during the first quarter of next year.
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