Cimic gains majority interest in Sedgman

March 10, 2016

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ASX-listed Cimic has started the compulsory acquisition of the remaining shares in takeover target Sedgman, after gaining an interest of more than 90%.

Cimic in January announced its intention to launch a takeover for Sedgman, offering the company’s other shareholders A$1.07 a share for their interest in the mining services provider.

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