Govt SPV completes takeover of Gamuda shares in four highways

Gamuda Bhd announced that the shares sales purchase agreements (SSPAs) of four expressway concession companies were successfully executed with Amanat Lebuhraya Rakyat (ALR).

In a filing with Bursa Malaysia, the company said the SSPAs have met all conditions under the conditional letters of offer (CLOOs) with over 99 percent approval rating at Gamuda and Lingkaran Trans Kota Sdn Bhd’s (Litrak) extraordinary general meetings held on July 27 and Aug 5 respectively.