Sojitz Corporation to acquire a 50% stake in the transport business of UGL for AUD500m.

Sojitz Corporation, an integrated trading and investment company, agreed to acquire a 50% stake in the transport business of UGL, CIMIC Group's end-to-end engineering provider, for AUD500m. "Following our recent strategic advancement into the infrastructure and energy sectors in Australia, we are honoured to enter into a promising partnership with UGL to drive further growth for both parties by leveraging Sojitz’s extensive expertise and networks across Asia,” Masakazu Hashimoto, Sojitz Corporation Managing Executive Officer, COO Aerospace, Transportation & Infrastructure Division.