on HOCHTIEF Aktiengesellschaft (ETR:HOT)
CIMIC Acquires Full Ownership of Thiess for AUD 1.18 Billion
HOCHTIEF Aktiengesellschaft has announced that its Australian subsidiary, CIMIC Group Limited, has completed the acquisition of a 100% interest in Thiess Group Holdings Pty Ltd. The purchase was made from funds advised by Elliott Advisors (UK) Ltd for a total price of AUD 1.18 billion.
This transaction restores full ownership of Thiess to CIMIC, and indirectly to HOCHTIEF. Thiess will continue its operations as a global mining services provider under the umbrella of CIMIC Group.
The acquisition is anticipated to result in a slightly positive impact on HOCHTIEF's operational net profit for the 2026 financial year.
R. P.
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