M&R agrees to sell its stake in Gautrain’s operating company, for R1.4bn

JSE-listed Murray & Roberts has entered into an agreement to sell its 50% shareholding in the Bombela Concession Company , the operator of the Gautrain, for R1.386 billion. The multinational specialist engineering and contracting group has entered into a sale and disposal agreement with Netherlands-based Intertoll International Holdings BV.

Read: M&R plans to dispose of Australian subsidiary Clough in R4bn deal The proposed Clough transaction, if successfully concluded, will result in a financial benefit to M&R of about R4 billion.

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