CSCEC withdrew bid to acquire Probuild
Date
January 22, 2021
Type
M&A Transactions
Subtype
Transaction canceled
Countries
Australia
Subsectors
Housing
Other building & Urban Infrastructure
Tourism
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China State Construction Engineering Corp (CSCEC) has withdrawn its AUD 300 million (US$ 232 million) bid to acquire an Australian construction company Probuild. CSCEC withdrew its bid following the advice that the Australian government would not approve the transaction.
