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Oct 19, 2020

CIMIC sells off 50 per cent of mining business Thiess

CIMIC sells off 50 per cent of mining business Thiess

CIMIC Group has reached a deal to sell a 50 per cent stake in mining services arm Thiess to hedge fund Elliott Management. The deal will put up to $1.9 billion into CIMIC’s coffers and is based on an enterprise value of $4.3 billion for Thiess. Thiess delivers open cut and underground mining in Australia,…

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