.
Property developer Lend Lease Group (ASX:LLC) has secured Bilfinger Berger's engineering and construction business, Valemus Australia for $960 million.
The Valemus purchase will be funded by a mix of cash and debt and is expected to be earnings per share accretive in the 2012 financial year.
Lend Lease says that Valemus has in excess of $5 billion in total secured revenue with an extensive pipeline of opportunities.
While the transaction is still subject to regulatory approval, Lend Lease expects to finalise the deal before March 2011.
Lend Lease Group booked a net profit of $348 million in the year to 30 June 2010.
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Last
$5.48 |
Change
0.040(0.74%) |
Mkt cap ! $3.778B | |||
| Open | High | Low | Value | Volume |
| $5.46 | $5.54 | $5.45 | $3.949M | 718.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 7638 | $5.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.49 | 15285 | 38 |
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| Last trade - 14.04pm 12/09/2025 (20 minute delay) ? |
| LLC (ASX) Chart |