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Lend Lease Group (ASX:LLC) has announced it has completed the $960 million acquisition of Valemus.
Valemus is the parent company of Baulderstone, Abigroup and Conneq. The Valemus name will be retired immediately.
Lend Lease is starting a 90-day integration process. The acquisition opens up engineering and construction markets for Lend Lease.
The property giant announced a number of executive changes this week in preparation, including the recruitment of Michael Connolly from Leighton Group.
Lend Lease posted a net profit of $227 million in the six months to 31 December 2010.
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Last
$5.52 |
Change
0.080(1.47%) |
Mkt cap ! $3.754B | |||
| Open | High | Low | Value | Volume |
| $5.46 | $5.54 | $5.45 | $1.458M | 265.3K |
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| No. | Vol. | Price($) |
|---|---|---|
| 16 | 7420 | $5.52 |
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| Price($) | Vol. | No. |
|---|---|---|
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| LLC (ASX) Chart |