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…
-
General16 hours ago‘We are here for you’: PM to bring help to flood zones
-
General14 hours agoWe’ve all talked about potential economic consequences for Australia of Trump’s policies. Now they’re happening
-
Noosa News22 hours agoStudents say new facility would be better in rural areas of Queensland
-
Noosa News21 hours agoBrisbane doctor jailed for trafficking ‘breathtaking amount’ of drugs