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New Deal


Announced

CIMIC Group to acquire the remaining stake in Devine for A$16m.

Financials

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Transaction Value£8m
Consideration TypeCash
Capital Owned59%
Capital Bid For41%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Australia

Friendly

Domestic

Household Equipment and Products

Pending

residential development

Minority

Single Bidder

Synopsis

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CIMIC Group, an Australian construction company, agreed to acquire the remaining stake in Devine, an Australian residential property brand, for A$16m ($12m). The Offer will be funded using CIMIC’s existing available funds. CIMIC has existing funds at call in excess of the offer consideration and all associated transaction costs.

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