Dec 19 (Reuters) - LendLease Group (LLC) :
- LENDLEASE TO DIVEST ENGINEERING BUSINESS
- ENTERED AGREEMENT WITH ACCIONA INFRASTRUCTURE ASIA PACIFIC (ACCIONA) TO SELL ENGINEERING BUSINESS FOR $180 MILLION
- TRANSACTION IS EXPECTED TO COMPLETE IN FIRST HALF OF CALENDAR YEAR 2020,
- SALE PROCESS FOR SERVICES BUSINESS CONTINUES
- UNDER TERMS OF AGREEMENT, ACCIONA WILL ACQUIRE ENGINEERING BUSINESS EXCLUDING NORTHCONNEX AND KINGSFORD SMITH DRIVE PROJECTS
- IMPACT ON CASH FLOW FROM SALE OF ENGINEERING WILL COMPRISE $180 MILLION IN PROCEEDS FROM SALE
- LOSS ON EXITING ENGINEERING BUSINESS WILL REFLECT A COMBINATION OF RESTRUCTURING COSTS AND PROCEEDS FROM SALE
- CONSIDERS PREVIOUS RESTRUCTURING COST ESTIMATE TO EXIT ENGINEERING & SERVICES BUSINESSES OF $450-$550 MILLION PRE TAX REMAINS APPROPRIATE
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Last
$5.52 |
Change
-0.040(0.72%) |
Mkt cap ! $3.809B | |||
| Open | High | Low | Value | Volume |
| $5.57 | $5.60 | $5.47 | $6.133M | 1.113M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2818 | $5.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.54 | 13718 | 5 |
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| Last trade - 16.10pm 08/09/2025 (20 minute delay) ? |
| LLC (ASX) Chart |