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Macmahon blocks CIMIC bid with Indonesian deal

CIMIC Group has a new challenger in its takeover bid for Macmahon Holdings, after the contractor signed a heads of agreement with the Indonesian owners of the Batu Hijau copper-gold mine.

Andrew Hobbs
Macmahon blocks CIMIC bid with Indonesian deal

The deal with PT Amman Mineral Nusa Tenggara will see Macmahon issue an estimated 959.6 million new Macmahon shares, or 44.4% of its diluted share capital, to the company. The shares will be offered...

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