CIMIC Group has entered into a 50:50 joint venture with Sojitz Corporation, valuing UGL Transport at approximately A$800 million and positioning it for growth in the transport industry across Australia and New Zealand.

Information on the Target

CIMIC Group has successfully completed a strategic partnership transaction with Sojitz Corporation, resulting in a 50:50 joint ownership structure for UGL Transport. Following the necessary regulatory approvals and compliance with standard conditions, Sojitz Corporation has acquired a 50% equity interest in UGL Transport, which is valued at approximately A$800 million on a 100% basis. CIMIC has realized cash proceeds of around A$500 million from this transaction.

UGL Transport, a division of CIMIC's subsidiary UGL, is a prominent integrated transport services platform operating throughout Australia and New Zealand. With projected revenues of A$1.1 billion for the year 2025, UGL Transport is well-positioned to continue its growth trajectory in the transport sector.

Industry Overview in the Target's Specific Country

Australia's transport industry is a vital component of the national economy, contributing significantly to infrastructure development and economic growth. The sector encompasses various modes of transport, including road, rail, air,