PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: HOCHTIEF AG

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Leighton Signs Agreement to Sell John Holland to CCCC for Approximately EUR 770 Million - HOCHTIEF subsidiary Leighton Holdings announced it had entered a binding agreement for the sale of John Holland to CCCC International Holding Limited (CCCI) - HOCHTIEF.com
Leighton Signs Agreement to Sell John Holland to CCCC for Approximately EUR 770 Million

 

NewswireToday - /newswire/ - Essen, Germany, 2014/12/12 - HOCHTIEF subsidiary Leighton Holdings announced it had entered a binding agreement for the sale of John Holland to CCCC International Holding Limited (CCCI) - HOCHTIEF.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction/Architecture/Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The company will purchase John Holland for an enterprise valuation of approximately EUR 770 million subject to certain adjustments.

CCCI is a wholly-owned subsidiary of China Communications Construction Company (CCCC), the fourth largest construction company in the world by revenue*. CCCC has a market capitalisation of approximately EUR 15.7 billion and is listed on the Hong Kong and Shanghai stock exchanges.

Marcelino Fernández Verdes, CEO of HOCHTIEF and Leighton Holdings Executive Chairman and CEO: "In June 2014 we announced that, as part of our Strategic Review we were analysing options for our Services, Property and John Holland businesses, including the potential divestment of, or introduction of new partners to, these businesses. The divestment of John Holland supports our focus on further reducing gearing and strengthening our balance sheet so that we can be sustainably competitive." Proceeds will also be used to finance future growth, particularly in Public Private Partnerships.

The indicative impact on Leighton Holdings is:

• A reduction in gearing of approximately 10 percentage points;
• A reduction in Leighton’s annualised revenue of approximately EUR 2.5 billion and work in hand of approximately EUR 3.6 billion; and
• Approximately 4,100 employees to transfer with the business.

The sale is subject to customary approvals including by the Australian Foreign Investment Review Board.

*The Top 250 Global Contractors, Engineering News Record, Sept 2014.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction/Architecture/Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: HOCHTIEF AG

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Construction/Architecture/Infra articles,
CATCH Visitors via Your Competitors Announcements!


Leighton Signs Agreement to Sell John Holland to CCCC for Approximately EUR 770 Million

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Leighton Holdings | CCCI
Publisher Contact: Dr. Bernd Pütter - HOCHTIEF.com 
+49 201 824 2610 bernd.reuther[.]hochtief.de
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any HOCHTIEF AG securities in any jurisdiction including any other companies listed or named in this release.

Construction/Architecture/Infra via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From HOCHTIEF AG / Company Profile


Read Construction/Architecture/Infra Most Recent Related Newswires:

CIMIC's Thiess Extends Operations in Botswana
PCL Construction Wins Five Top Projects Awards
CIMIC Investment, HLG Awarded A$215M Project in Qatar
CIMIC's CPB Contractors Wins Water Treatment Plant
Business of Design Week 2016 Architects Drafting the Future City
CIMIC's Thiess Awarded Contract Expansion & Extension At Melak
Major Step in Unique Engineering Project as Chernobyl Arch Slides into Place
CIMIC’S CPB Contractors Wins Amberley Base Upgrade Project
VINCI Airports, the Caisse Des Dépôts and Crédit Agricole Assurances Finalise the Acquisition of 60% of Aéroports de Lyon
CIMIC Investment, HLG Awarded AED490m Project in Dubai
PCL Construction Recognized for Building One of America’s Top Roads
Nordic PCL Awarded Mixed-Use Ke Kilohana at Ward Village in Honolulu
Test Confirms ePIPE's LeadSmart™ Technology Brings Lead Levels into Compliance with EPA Guidelines
HOCHTIEF Recognized in World’s Largest Climate Protection Ranking with New Award
PCL Constructors Canada, Inc. Opens Up the Doors to The Government Conference Centre Rehabilitation Project

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)