CIM cimic group limited
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News: CIM CIMIC Group Updates On Ventia IPO

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    15/11/21
    13:00
    Post #: 57582041

    Nov 15 (Reuters) - CIMIC Group Ltd (CIM) :

    • UPDATE ON VENTIA IPO-CIM.AX
    • ADVISES THAT VENTIA IPO WILL PROCEED AT A FINAL OFFER PRICE OF A$1.70 PER SHARE
    • IPO WILL RESULT IN CASH PROCEEDS FOR CIMIC OF ABOUT A$30 MILLION AFTER COSTS
    • ON COMPLETION OF IPO, CIMIC WILL RETAIN A 32.8% STAKE IN VENTIA
    • CONFIRMS ITS GUIDANCE FOR NPAT OF A$400 MILLION TO A$430 MILLION FOR 2021 FY
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