https://www.engineeringnews.co.za

M&R buys further 17% stake in Bombela Concession Company for R405m

M&R buys further 17% stake in Bombela Concession Company for R405m

Photo by Duane Daws

22nd August 2017

By: Creamer Media Reporter

     

Font size: - +

JSE-listed Murray & Roberts (M&R) will acquire a further 17% interest in the Bombela Concession Company (BCC) for R405-million, taking its overall stake in BCC to 50%.

BCC was established to manage the design, partial financing, delivery, operation and maintenance of the Gautrain rapid rail link, in Gauteng.

Subsequent to the December 2016 settlement of certain dispute in relation to the development of the Gautrain, Bouygues Travaux Publics and Bombardier Transportation have decided to divest from BCC, with each agreeing to sell an 8.5% interest in BCC to M&R.

The acquisition is being undertaken as part of M&R’s broader capital allocation strategy, as the investment in BCC provides strong returns in the short to medium term, while the group continues to seek potential acquisitions that would complement its three operating platforms.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/04/2024)
12th April 2024 By: Martin Creamer
Magazine round up | 12 April 2024
Magazine round up | 12 April 2024
12th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.11 0.162s - 157pq - 2rq
Subscribe Now