Global Infrastructure SherpaFerrovial sells stake in Broadspectrum to Ventia
Ventia completed the acquisition of Broadspectrum from Ferrovial. Broadspectrum provides infrastructure services.
Source Intelligence
The deal value is also stated as AUS$485.5m: "Ferrovial, the Spanish transport giant, has sold the Australian arm of its Broadspectrum services operation to Ventia, an Australian infrastructure services group, for AUS$485.5m (£257m)." Ferrovial expects to take a hit of €270m (£230m) on the deal in the fourth quarter: "The group said it would take a hit of €270m (£230m) on the deal in the fourth quarter." The Australian arm of Broadspectrum posted turnover of AUS$2.74bn (£1.45bn) last year: "The Australian arm of Broadspectrum posted turnover of AUS$2.74bn (£1.45bn) last year."
"Ferrovial, the Spanish transport giant, has sold the Australian arm of its Broadspectrum services operation to Ventia"
"Ferrovial, the Spanish transport giant, has sold the Australian arm of its Broadspectrum services operation to Ventia, an Australian infrastructure services group"