News: CIM Australia's Ventia to buy Broadspectrum for about $335 mln

Dec 23 (Reuters) - Infrastructure service provider Ventia said on Monday it will buy Broadspectrum from Spanish infrastructure company Ferrovial SA FER.MC for A$485 million ($335 million).

Ventia, a joint partnership of CIMIC Group (CIM) and private equity firm Apollo Global Management APO.N , said the combined company will likely make revenue of more than A$5 billion.

Broadspectrum was founded in Australia and operates major assets from airports to housing. ($1 = 1.4482 Australian dollars)