Cimic sells Macmahon share

July 5, 2017

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ASX-listed Cimic Group has divested its 23.64% shareholding in fellow listed Macmahon Holdings after a failed takeover attempt.

Macmahon in March this year rejected a takeover offer by Cimic of A$0.145 a share, with Macmahon instead opting for a deal with Indonesia’s PT Amman Mineral Nusa Tenggara, which saw the Indonesian company gain a 44.3% foothold in Macmahon.

Category: General