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CIMIC quits Macmahon

WITH its takeover play for Macmahon Holdings over, CIMIC Group has sold is 23.64% shareholding in Macmahon on the Australian Securities Exchange.

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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