Business
CIMIC reveals buyer of Thiess stake – Australian Mining
The CIMIC Group has entered into a sale agreement with Elliott Advisors to divest a 50 per cent equity interest in the world’s largest mining services provider,…
CIMIC Group has agreed to divest a 50 per cent interest in mining services provider Thiess to Elliott Advisors.
The 50 per cent interest is valued at $4.3 billion, based on the 100 per cent value of Thiess.
Elliott Advisors, which is one of the oldest fund managers of its kind, manages more than $US40 billion ($56 billion) in assets in Australia and globally.
Under the agreement, CIMIC will retain the remaining 50 per cent equity interest in Thiess with it to jointly control the mining servic…
-
Noosa News20 hours agoMan killed, woman seriously injured in collision in Wongabel, Atherton Tablelands, Queensland
-
Noosa News19 hours agoMoreton Bay oyster farm survives cyclone with help of wave wall innovation
-
Business21 hours ago$10,000 invested in ANZ shares 5 years ago is now worth…
-
Noosa News21 hours agoHelicopter pilots saving lives, providing food and fodder in flooded outback Queensland