Australian-listed engineering-led construction and mining services group CIMIC has entered into a sale agreement with UK funds manager Elliott Advisors under which Elliott will acquire a 50% equity interest in mining services provider Thiess, with CIMIC retaining the other 50% equity interest.
Losses continue to mount in the rollout of Australia’s national broadband network, with an after tax loss of $4780 million for the 2018 financial year, still two years out from scheduled completion in 2020.
The Australian economy may or may not be open for business but VentureCrowd, billed as Australia’s first online equity based crowdfunding platform, definitely is.
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