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CIMIC quits Macmahon

Sells Macmahon stake for $46.85 million.

Noel Dyson
CIMIC has quit its stake in Macmahon and netted $46.85 million.

CIMIC has quit its stake in Macmahon and netted $46.85 million.

The sale was at 16.5c per Macmahon share, netting CIMIC $46.85 million. CIMIC said the transaction would generate a profit for it as it was at a 65% premium to the three-month weighted volume average...

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