KUALA LUMPUR, April 18 — Gamuda Bhd announced that four concession holding companies have each separately accepted their respective conditional letter of offer for the proposed disposal of all the securities to Amanat Lebuhraya Rakyat Bhd and delivered the written acceptances today.
“Each concession holding company expects to commence separate negotiations with ALR to finalise the terms and conditions of the respective definitive agreements for the proposed disposals,” it said. On April 4, Gamuda said it has received a conditional offer letter for ALR to acquire all its securities in its expressway concession companies.
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