Murray & Roberts has sold its entire 50% stake in the Bombela Concession Company to Intertoll International Holdings B.V. for R1.3 billion.
The companies announced the deal at the end of 2022, and Murray & Roberts advised shareholders on Tuesday that it has gone through. “Intertoll will look to grow their business in the rail sector further worldwide over the next few years, assisted by the experienced management team and references from the Bombela project,” it said in a statement.acquired an additional 17% stakeWhen the concession company was initially incorporated, Murray & Roberts held a 25% share, increasing to 33% in 2011.R1.3 billion settlement
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They better be BEE compliant.