CIMIC should be able to sell Thiess for $500m. Buyer will have to take on the lease liabilities. Good chance Thiess will be sold at price CIMIC will be comfortable with.
From The Australian:
Apollo was revealed by this column last week as a suitor of Thiess, which is the world’s largest mining services provider.
While the business is understood to be worth about $3bn, analysts believe the headline price for a sale may be closer to $500m.
One theory is that the plant and equipment of Thiess would be moved off balance sheet by CIMIC and sold in a complex structure.
- Forums
- ASX - By Stock
- CIM
- The Buyback
The Buyback, page-25
Featured News
Add CIM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online