CIM 1.06% $21.49 cimic group limited

News: CIM Australia's CIMIC in advanced talks to sell 50% of Thiess to Elliott

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    July 29 (Reuters) - Australia's CIMIC Group (CIM) on Wednesday said it was in exclusive advanced talks with an affiliate of hedge fund Elliott Management for a potential investment of 50% in Thiess, its mining services business.

    The engineering contractor said in a statement that it expects negotiations to conclude in the coming weeks, along with a share purchase agreement subject to regulatory approval.

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