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  1. Therookie88
    2,711 Posts.
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    23/09/23
    09:22
    Post #: 69989609

    US billionaire snaps up Aussie engineering firm for $900m

    Brad Thompson
    Brad ThompsonReporter
    Sep 22, 2023 – 5.25pm

    Resource Capital Funds has sold engineering and consulting firm Ausenco for about $900 million in a deal with a US billionaire and private equity firms looking to boost their exposure to battery minerals and energy transition.

    The $US578 million sale comes nine years after RCF took the Australian mining-focused engineering firm private in a deal valued at about $150 millionand removed it from the ASX.


    TMT Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
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