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News: CIM CIMIC Group Announces Update On Ventia Investment

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    31/03/22
    17:35
    Post #: 60557777

    March 31 (Reuters) - CIMIC Group Ltd (CIM) :

    • UPDATE ON VENTIA INVESTMENT
    • TO REMOVE ITS NOMINEE DIRECTORS FROM VENTIA BOARD
    • AGREED TO ABSTAIN FROM VOTING ITS SHARES ON CERTAIN RESOLUTIONS PUT TO A MEETING OF VENTIA'S SHAREHOLDERS
    • CHANGES WILL REQUIRE CO TO ACCOUNT FOR ITS INVESTMENT IN VENTIA AS A FINANCIAL ASSET, WILL RESULT IN A NON-CASH, ONE-OFF GAIN
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