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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,…

This content is for iQ Industry Queensland, iQ Coal, iQ Civil, iQ Geo, iQ Mining North, iQ Miner’s Life, iQ Rockhampton, iQ Coal and Mining North, iQ Coal and iQ Geo, iQ Civil and iQ Coal, iQ Civil and Mining North, and iQ Civil and iQ Geo members only.
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