Another bidder for Macmahon construction arm

COMPETITION is heating up to buy Macmahon Holdings’ construction arm, with Indian-based Punj Lloyd jumping in the ring and beating Leighton’s $A20 million offer by $5M.

Another bidder for Macmahon construction arm Another bidder for Macmahon construction arm Another bidder for Macmahon construction arm Another bidder for Macmahon construction arm Another bidder for Macmahon construction arm

Punj Lloyd told the Australian share market yesterday that its wholly owned subsidiary Sembawang Engineers and Constructors Australia had made an offer to buy Macmahon's construction operations for