Allens is advising CCCC International Holdings on its proposed acquisition of one of Australia's leading engineering and contracting services providers, John Holland, from Leighton Holdings.
CCCI is a wholly owned subsidiary of China Communications Construction Company, a company listed on the Hong Kong and Shanghai stock exchanges and the fourth largest construction company in the world by revenue.
CCCI has entered into binding transaction documentation under which it has agreed to acquire John Holland from Leighton Holdings for an enterprise value of approximately A$1.15 billion.
CCCI views John Holland as an important acquisition representing significant progress in its international development strategy, in light of its strong competence in road, rail, tunnelling, water, building and especially transportation services in Australia
The Allens team on the matter is led by Partner Wendy Rae.
'We have been delighted to work with CCCI on this transformational deal and to support it in its Australian growth strategy.
'This transaction is particularly significant given the strong volume of infrastructure projects anticipated in Australia and John Holland's standing as a market-leading Australian contractor', said Ms Rae.
Announced on Friday 12 December, the transaction is subject to customary conditions including Australian foreign investment approval.
Allens legal team
Wendy Rae (Partner); Tom Story (Partner); Anthony Arrow (Partner); Tim Stewart (Managing Associate); Chris Blane (Senior Associate); Andrew Smiles (Senior Associate)
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Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.