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CIMIC Group Provides Ventia Analyst Presentation

24 Sep 2021  |  16:36:00  |  Associate analysts  |  Increase  |  Decrease  |  


CIMIC Group provided presentation stating that the Company referred to its release dated 7 June 2021, announcing that advisers had been appointed to assist in reviewing strategic options for Ventia, which may include an initial public offering (IPO). As part of this process, the Company advised that Ventia has provided it with a draft briefing presentation, which has been prepared by Ventia in relation to the potential IPO and contains draft information, including Ventia's draft forecast financial information. As part of the acquisition of Broadspectrum, as required by AASB 3 Business Combinations, Ventia performed an assessment to allocate the purchase consideration against the fair value of acquired assets and assumed liabilities.

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