Germany, July 1 -- HOCHTIEF Aktiengesellschaft announces that its Australian subsidiary CIMIC Group Limited has completed the acquisition of all outstanding interests in Thiess Group Holdings Pty Ltd from funds advised by Elliott Advisors (UK) Ltd for a purchase price of AUD 1.18bn.The transaction has returned Thiess to full ownership by CIMIC and, indirectly, HOCHTIEF.Thiess will continue to operate as a global mining services business within CIMIC Group.The acquisition is expected to have a slightly positive impact on HOCHTIEF's operational net profit for the financial year 2026.
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