Bombardier and Bouygues to sell Gautrain concession stakes
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August 23, 2018
SOUTH AFRICA: Engineering and construction services company Murray & Roberts has signed a memorandum of understanding to acquire the 8·5% stakes in Gautrain concessionaire Bombela Concession Co held by Bouygues Travaux Publics and Bombardier Transportation.
Commercial terms for the deal worth a total of R405m have been agreed and agreements are in the process of being finalised, MRL said on August 22.
MRL originally held a 25% stake in the concession to design, partly finance, build, operate and maintain the Gautrain network, which it increased to 33% in 2011. Bouygues and Bombardier Transportation have now decided to divest their holdings.
MRL said its investment in BCC provides...