Currently viewing Global edition

CIMIC sells half of mining contractor Thiess

CIMIC Group has agreed to sell 50% of Thiess to funds advised by Elliott Advisors.

CIMIC sells half of mining contractor Thiess CIMIC sells half of mining contractor Thiess CIMIC sells half of mining contractor Thiess CIMIC sells half of mining contractor Thiess CIMIC sells half of mining contractor Thiess

CIMIC will receive cash of A$1.7-1.9 billion, while the sale will also reduce CIMIC's factoring balance by about $700 million and its lease liability balance by roughly $500 million.