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Watpac has secured a AUD67 million ($42.8 million) contract from the Department of Defence to build a naval guided weapons maintenance facility at Orchard Hills in Western Sydney. Construction is expected to begin in April 2020 and complete by end of 2021.
BESIX Group increased its stake in Watpac to 91.8% via an off-market takeover bid and will proceed with compulsory acquisition of remaining shares. The deal closed on 3 December 2018.