Australia approves sale of John Holland to China firm

0 Comment(s)Print E-mail CRI, April 9, 2015
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A photo of a construction track from John Holland, one of the Australia's largest engineering and construction companies [File photo]

Australian Treasurer Joe Hockey has approved the acquisition of John Holland by a subsidiary of China Communications Construction Company.

The deal is reported to be worth about 880 million U. S. dollars.

John Holland is one of Australia's largest engineering and construction companies.

China Communications Construction Company is the fourth-largest construction company in the world by revenue, with a presence in over 80 countries and regions.

The company is listed as CCCC on the Hong Kong and Shanghai stock exchanges.

The deal was originally set to be finalized by the end of last month.

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