Murray & Roberts Sells Bombela Concession Company Stake for R1.26bn

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Canada News News

The specialist engineering group will use the proceeds from the deal to cut its debt and interest costs

Specialist engineering group Murray & Roberts has completed the sale of its interest in the Bombela Concession Company , which was appointed to design, build, operate, maintain and partially finance the Gautrain project.

The company, valued at R712m on the JSE, sold its stake to a wholly owned subsidiary of European toll and motorway developer and operator Intertoll International for R1.26bn after shareholders voted in favour of the deal at a general meeting on February 20...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines