Fulton Hogan keeps Australian civil construction unit

Fri, 20 Sep 2019

By Paul McBeth Sept. 20 (BusinessDesk) - Fulton Hogan decided to keep its Australian civil construction division after potential buyers didn't make a tempting enough offer. The privately-held civil construction company hired Macquarie Investment Bank to test the waters earlier this year, having singled it out in 2018 as the only division that didn't deliver a sound financial result. However, Fulton Hogan said the unit returned to profit in the year ended June 30 with a number of good project results and as it closed out historical pr...

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