- Fulton Hogan Construction Australia is now for sale by their New Zealand parent. This takes in all of their civil engineering assets in Australia.
- Downer Mining is said to be for sale,
- Laing O'Rourke's Australian operations are also said to be on the market.
- Lendlease engineering division is reported for sale,
- BGC Contracting has been reported for sale (source: The Australian), and;
- A while back The Australian reported Holcim Australia was up for grabs, which was denied by the company, though it should be noted that it no longer fits into the LafargeHolcim framework.
Did I miss anything? It looks to be a combination of factors in play, some companies are retreating while others are moving out of basic materials and into utilities and the like.
My pick of the above would be Downer Mining at $300mil. Then apart from the above picks, Boral at their current share price are a takeover target, as well as Macmahon Holdings.
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