Announced
Financials
Tags
Acquisition
Private
Australia
Friendly
Domestic
Household Equipment and Products
Pending
residential development
Minority
Single Bidder
Synopsis
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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