Ferrovial completes sale of Broadspectrum to Ventia
Ferrovial has completed the sale of Broadspectrum to Ventia for AUD 465 million (US$ 319 million). The deal is part of the divestment of Ferrovial’s services subsidiary that commenced in February 2019 and comprises the Broadspectrum businesses in Australia and New Zealand. The figure does not include Ferrovial’s 50% stake in a joint venture with a local partner, for which there is an irrevocable purchase offer issued by Ventia amounting EUR 12 million (US$ 582.11 million)
The deal was completed after receiving approval from regulators and competition authorities.
Broadspectrum and Ventia are highly complementary businesses. Ventia is a specialist infrastructure services provider in Australia and New Zealand.
Country updates
-
-
June 30, 2020
Commencement of operations for Clarence Correctional Centre in Grafton
Government of New South Wales has announced the opening of Clarence Correctional Centre located approximately 12 kilometres southeast of Grafton in the Clarence Valley, Northern New South Wa...
Read more -
June 11, 2020
FIRB approves acquisition of Broadspectrum by Ventia
Ventia has been notified by the Foreign Investment Review Board (FIRB) that the Australian Government has no objection to Ventia’s proposed acquisition of Broadspectrum. Under the terms of...
Read more -
June 08, 2020
Construction began for East Rockingham Resource Recovery Facility
John Laing Group has announced the start of construction at the East Rockingham Waste-to-Energy (WTE) plant in Western Australia. The project kicked off with a virtual opening on May 30, 2020, replaci...
Read more -
June 02, 2020
NSW announces acceleration fund to boost infra projects
The New South Wales Government in Australia has announced a new AUD 3 billion (US$ 1.99 billion) acceleration fund to go towards job-creating projects, increasing the Government’s infrastructure...
Read more -
May 26, 2020
Macquarie Infrastructure Partners V fund targets to raise US$ 5 billion in capital
Macquarie Infrastructure Partners V (MIP V) fund managed by Macquarie Infrastructure & Real Assets (MIRA) targets to raise US$ 5 billion in the capital. The fund will focus on infrastructure proje...
Read more
