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Announced

Harith General Partners and the Phembani Remgro Infrastructure Fund to acquire a stake in Zimbabwe Beitbridge border for $296m.

Financials

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Transaction Value£222m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Toll Roads

Zimbabwe

Acquisition

border crossing

Domestic

Friendly

Private

Private Equity

Majority

Pending

Synopsis

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Harith General Partners and the Phembani Remgro Infrastructure Fund are set to acquire a stake in Zimbabwe Beitbridge border, one of Africa’s busiest land border crossings, for $296m. Among other upgrades, the fresh investment through Zimborders will go into installing automated queuing and payment systems to minimize human interaction and the risk of fraud and corruption. It will also be spent on modern cargo-scanning equipment for faster inspection and detection of contraband and dangerous cargo.

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