HALF of CIMIC’s mining contracting business Thiess is being sold to funds advised by UK firm Elliott Advisors in a deal that values Thiess at $4.3 billion.
Cimic has sold 50% of its Thiess mining contracting business.
CIMIC expects to get cash proceeds of $1.7-$1.9 billion from the sale and will keep the other 50% of Thiess. Thiess delivers open cut and underground mining services in Australia, Asia, Africa and the...
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