Fulton Hogan seeks buyer for Australian civil construction unit

Tue, 14 May 2019

By Paul McBeth May 15 (BusinessDesk) - Fulton Hogan is looking to sell its Australian civil construction unit which has been a drag on earnings for the past 18 months. The privately-held company has hired Macquarie Investment Bank to run a sale process with a view to flogging off the unit as a fully operational business. It aims to complete a transaction this year. “The board believes that, under new ownership, Fulton Hogan Construction would be better placed to continue growing and to take advantage of the buoyant Australian enginee...

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