CIMIC Group to consider HOCHTIEF's offer for the acquisition
CIMIC Group Limited (CIMIC) has released its target statement regarding the off-market takeover offer by HOCHTIEF Australia Holdings Limited, for all of the ordinary shares in CIMIC. HOCHTIEF Australia has shown an interest at an offer price of AUD22.00 (US$16.51) cash per share.
The Independent Board Committee established by CIMIC has concluded that the offer is fair and reasonable to CIMIC Shareholders other than HOCHTIEF Australia and recommended accepting the offer in the absence of a superior proposal. The Independent Expert has assessed the estimated market value of CIMIC Shares on a controlling and 100% basis to be in the range of AUD19.26 (US$14.45) and AUD25.05 (US$18.79) per CIMIC Share.
Country updates
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March 29, 2022
PEP launches Secure Assets Fund II
Pacific Equity Partners (PEP) has launched its second Secure Assets Fund (SAF II) to raise capital for infrastructure-based investments. The target amount for SAF II is US$1 billion. It will focus on...
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March 28, 2022
Contract awarded for USD391 million International Airport PPP project in Australia
The JV formed by Seymour Whyte and BMD have secured a design and construct contract for the new Western Sydney International (Nancy-Bird Walton) Airport.
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March 24, 2022
Preferred bidder selected for USD3.72 billion Rail PPP project in Australia
The Australian Rail Track Corporation (ARTC) has selected Regionerate Rail as the winning consortium to deliver the Inland Rail Gowrie-Kagaru PPP project in Queensland.
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March 23, 2022
Spirit Super and Palisade to acquire GeelongPort from Brookfield and SAS Trustee
Spirit Super and Palisade Investment Partners announced that they have reached agreement to jointly acquire a 100% interest in GeelongPort from Brookfield and SAS Trustee Corporation Pty Ltd. The...
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March 03, 2022
Financial close achieved on new loan for Reliance Rail PPP Project
Reliance Rail Pty Ltd has achieved a financial close on a new AUD1.8 billion (US$1.30 billion) Green Sustainability-Linked Loan (GSLL) in Australia. The 21-year loan fully refinanc...
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