Australia’s Ventia to buy Broadspectrum for about $335 million

Industry:    2019-12-24

Infrastructure service provider Ventia said on Monday it will buy Broadspectrum from Spanish infrastructure company Ferrovial SA for A$485 million ($335 million).

Ventia, a joint partnership of CIMIC Group and private equity firm Apollo Global Management, said the combined company will likely make revenue of more than A$5 billion.

Broadspectrum was founded in Australia and operates major assets from airports to housing.

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