CIMIC to sell 50% stake in Thiess to Elliott

CIMIC Group, a HOCHTIEF subsidiary, has entered into an agreement to sell a 50% equity interest in mining services provider Thiess to funds advised by Elliott Advisors, valuing Thiess at AUD 4.3 billion. CIMIC will retain the other 50%.

“The sale agreement reflects Thiess’ ongoing strategic importance as a core activity for CIMIC.”hochtief.com

• 1 source
• hochtief.comHOCHTIEF subsidiary CIMIC enters sale agreement with Elliott for 50% of ThiessOct 19, 2020

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