Intertoll to acquire Bombela Concession Company from Murray & Roberts for $80m.

Intertoll, an independent infrastructure developer, operator & maintenance provider, agreed to acquire Bombela Concession Company, a firm engaged in the design, construction, commissioning, partial financing, operation and maintenance of the Gautrain Rapid Rail system, from Murray & Roberts, an investment holding company, for $80m. The proceeds from the transaction will be utilised to reduce debt in South Africa and will assist the croup in addressing its working capital needs. The croup’s investment in BCC is not strategic and the concession is also set to terminate in 2026.