UEM Group Berhad, through its unit PLUS Expressways Berhad, is in advanced discussions to acquire highway operator Sistem Penyuraian Trafik KL Barat Holdings Sendirian Berhad (Sprint). The value of the deal will be based on Sprint’s future cash flow for its remaining concession period. Sprint holds a 33-year concession for the 26.5 km Sprint Highway, which will expire in 2031. The shareholders of Sprint comprise Lingkaran Trans Kota Holdings Berhad (50 per cent stake), Gamuda Berhad (30 per cent), and Kumpulan Perangsang Selangor (20 per cent).
