On 23 February 2022, HOCHTIEF Australia Holdings Limited (HOCHTIEF Australia) announced its intention to acquire all of the shares in CIMIC Group Limited (CIMIC) it did not then own for $22.00 cash per CIMIC Share by way of an off-market takeover offer (Offer).
CIMIC Shareholders who accept the Offer will receive total value of $22.00 per CIMIC Share1. The Offer is final, which means the $22.00 offer price cannot be increased (in the absence of a competing proposal), and unconditional, which means it is not subject to any defeating conditions.
A copy of the Bidder’s Statement from HOCHTIEF Australia, which sets out the detailed terms of the Offer and includes an Acceptance Form, is provided below. Also below is CIMIC’s Target’s Statement, which sets out CIMIC’s2 formal response to, and important information about, the Offer, including the recommendation of your Independent Directors and the Independent Expert’s Report that has been prepared by Grant Thornton Corporate Finance Pty Limited.
CIMIC Group was removed from the Official List of the Australian Securities Exchange at the close of trading on Wednesday, 11 May 2022 under Listing Rule 17.14, following compulsory acquisition of its remaining securities by HOCHTIEF Australia Holdings Limited.