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Originally posted by nitpicker:
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Its also the loss of another iconic Australian business. Don’t be fooled into thinking ownership is transferring from a WA to a Qld company. Theiss is owned by CIMIC (50%) and Elliott Investment Management (50%). CIMIC is owned by Hochtieff which is owned by the ACS Group, a Spanish construction company. Elliott is an American investment management firm.
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Here's some information about Elliott, the 50% owner of Thiess. Do we really want to be selling when they're the buyer? It probably means we're leaving money on the table. https://qz.com/1001650/hedge-fund-billionaire-paul-singers-ruthless-strategies-include-bullying-ceos-suing-governments-and-seizing-their-navys-ships/
