Macmahon Holdings Limited (AU:MAH) has released an update.
Macmahon Holdings Limited has announced the strategic acquisition of Decmil Group Limited, aiming to bolster its civil infrastructure sector and diversify earnings. The deal, valued at an implied enterprise value of $127 million, offers Decmil shareholders a significant premium on their shares and is fully funded through Macmahon’s existing cash and debt facilities, with no expected increase in net debt post-acquisition. The acquisition is set to enhance Macmahon’s growth prospects in government infrastructure, renewables, and resource infrastructure development.
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