AI assistant
LENDLEASE GROUP — Capital/Financing Update 2020
Sep 8, 2020
65243_rns_2020-09-08_80468e5c-2196-4fb7-9e30-7532283ca03f.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [524 x 78] intentionally omitted <==
----- Start of picture text ----- 19 August 20199 September 202022 August 2018----- End of picture text -----
Lendlease announces completion of Engineering sale
Lendlease today announced the completion of the sale of its Engineering business to Acciona Infrastructure Asia Pacific (Acciona).
The financial details for the transaction are consistent with those set out in our announcement of 17 August 2020.
Lendlease Group CEO and Managing Director, Steve McCann, said “The completion of the sale of our Engineering business represents a significant milestone for both Lendlease and Acciona.”
“The sale represents a positive outcome for our people within the Engineering business as well as for our clients and securityholders. Our highly skilled workforce, deep client relationships and projects stand to enhance Acciona’s existing footprint in Australia.”
“I would like to acknowledge the contribution of our Engineering team for their unwavering focus on our projects and clients during the sale process.”
“Lendlease’s recent strategy update highlights the importance of focusing our resources in those areas where our competitive edge is strongest in order to drive value for our stakeholders. The sale of our Engineering business is consistent with this strategy.”
Lendlease will retain the NorthConnex, Kingsford Smith Drive and Melbourne Metro Tunnel projects.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Investors: Media: Justin McCarthy Stephen Ellaway Mob: +61 422 800 321 Mob: +61 417 851 287
Authorised for lodgement by the Lendlease Group Disclosure Committee
Lendlease Corporation Limited ABN 32 000 226 228 and Lendlease Responsible Entity Limited ABN 72 122 883 185 AFS Licence 308983 as responsible entity for Lendlease Trust ABN 39 944 184 773 ARSN 128 052 595
==> picture [108 x 77] intentionally omitted <==
Level 14, Tower Three, International Towers Sydney Exchange Place, 300 Barangaroo Avenue Barangaroo NSW 2000 Australia
Telephone +61 2 9236 6111 Facsimile +61 2 9252 2192 lendlease.com