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New Deal


Announced

ACS-backed Hochtief to acquire the remaining 21.42% stake in CIMIC Group for $1bn.

Financials

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Transaction Value£782m
Consideration TypeCash
Capital Owned79%
Capital Bid For21%
EV/Sales0.7x
EV/EBITDA10.18x
Share Price Premium33.4%
One Off Charge-

Tags

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Acquisition

Majority

Environmental Consulting

Public

Australia

Pending

Friendly

civil engineering

Single Bidder

Cross Border

Synopsis

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ACS-backed Hochtief, a construction company, offered to acquire the remaining 21.42% stake in CIMIC Group, an Australian infrastructure development company, for $1bn. On February 24, Hochtief has approved HOCHTIEF Australia's submission of the takeover offer to acquire each CIMIC share held by the free float shareholders of CIMIC other than Hochtief for $16 cash per CIMIC share.

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