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...
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