Leighton looks for Devine stake buyer

Leighton looks for Devine stake buyer
Leighton looks for Devine stake buyer

Leighton Holdings Limited has sought expression of interests in their 50.6% investment in Devine.

The process is preliminary and there are no assurances that a sale of the Leighton investment in Devine will be finalised, the ASX has been notified today.

Leighton Holdings is also seeking a quick sale of its $1 billion-plus John Holland and Services businesses.

The company’s stake in listed firm Macmahon Holdings scheduled for likely sale.

John Holland’s aircraft maintenance business is already for sale.

Leighton also owns 45% of the Middle Eastern construction company, Al Habtoor which is being readied for a possible IPO in 2016.

It's all part of Spain’s ACS restructure of the iconic Australian construction company.

Devine shareholders will await the sale process with interest.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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