CIMIC expects to get A$1.7-A$1.9 billion in cash from the stake sale.
Thiess delivers open cut and underground mining services in Australia, Asia, Africa and the Americas.
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CIMIC is selling 50% of its mining contracting business Thiess to funds advised by UK firm Elliott Advisors in a deal that values Thiess at A$4.3 billion.
CIMIC expects to get A$1.7-A$1.9 billion in cash from the stake sale.
Thiess delivers open cut and underground mining services in Australia, Asia, Africa and the Americas.