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AUTOMOTIVE & TRANSPORTATION | Transportation Services

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Stage

Corporate Minority | Alive

About Bombela Concession Company

Bombela Concession Company engages in the design, construction, development, operation, and maintenance of the Gautrain rail project in South Africa.

Bombela Concession Company Headquarter Location

22 Milkyway Avenue Linbro Business Park

Johannesburg, 2090,

South Africa

+27 (0) 11 446 6800

Latest Bombela Concession Company News

Murray & Roberts acquire further interest in the Bombela Concession Company

Aug 23, 2017

Business Report  / 23 August 2017, 11:00am / Roy Cokayne Murray & Roberts advertising board. Listed construction and engineering group Murray & Roberts (M&R) has acquired a further interest in the Bombela Concession Company (BCC), the special purpose vehicle established for the design, partial financing, delivery, operation and maintenance of the Gautrain Rapid Rail Link, for R405million. The group said yesterday that it had concluded a memorandum of understanding to increase its effective shareholding in BCC by 17% to 50% through the acquisition of the 8.5% shareholding held in BCC by both Bouygues Travaux Publics and Bombardier Transportation UK. “This 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 look for potential acquisitions that would complement its three operating platforms,” it said. M&R said Bouygues and Bombardier had decided to divest from BCC following the settlement in December of disputes related to the development period. When BCC was incorporated, M&R held a 25percent shareholding in the company and increased this to 33percent in 2011. - BUSINESS REPORT

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