21 January 2020
Lendlease responds to AFR article
The Australian Financial Review’s Street Talk column today published a speculative article on the sale process for our Services business.
Notwithstanding the withdrawal in the last week of a party with whom we had been negotiating, the sale process for the Services business continues.
The Services business has had a solid start to the year and remains on track to meet its financial targets for FY20. The business has successfully won and converted contracts from an attractive pipeline of opportunities.
The sale of the Engineering business to Acciona announced on 19 December 2019 continues to progress as anticipated.
We will provide an update on the status of the sales process at the HY20 results.