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Lendlease Group ( (AU:LLC) ) has shared an update.
Lendlease has announced the sale of its Australian infrastructure investment platform, Capella Capital, to Sojitz Corporation for $235 million, as part of its ongoing strategy to simplify operations and focus on core Australian and international investments. Additionally, Lendlease completed the sale of its US Military Housing business for A$516 million. These transactions are expected to contribute to FY25 operating profits and reduce future funding requirements, supporting the company’s goal of becoming more focused and profitable.
More about Lendlease Group
Lendlease Group is a multinational construction, property, and infrastructure company primarily focused on urban regeneration, infrastructure development, and investment management. The company operates in various international markets, leveraging its expertise in creating large-scale urban precincts and sustainable property solutions.
YTD Price Performance: 3.85%
Average Trading Volume: 4,057
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.75B
Find detailed analytics on LLC stock on TipRanks’ Stock Analysis page.
