Business
CIMIC in talks to offload 50% of Thiess – Australian Mining
CIMIC Group has flagged that it is selling away a portion of Thiess’ ownership stake to London-based funds management company Elliott Advisors.
CIMIC Group has flagged that it is selling a portion of Thiess’ ownership stake to London-based funds management company Elliott Advisors.
CIMIC is in an advanced stage of negotiation with Elliott to transfer 50 per cent of Thiess equity to the Elliott Management Corporation affiliate.
Elliott Management is one of the oldest fund managers in America with approximately $US40.2 billion ($56.2 billion) in assets under management as of December last year.
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