Construction & Infrastructure Update: Jun 21 - Australia (5 stories)

Brookfield offloads construction giant Multiplex to Japan's Obayashi for $924m after years of losses

Canadian investment group Brookfield has agreed to sell Australian-founded global construction firm Multiplex to Japan's Obayashi Corporation for US$650 million ($924.5 million), drawing a line under a turbulent ownership period that saw the company rack up hundreds of millions of dollars in losses driven by cost blowouts, insolvencies acros...

Symal Group strikes $51m deal for defence contractor Shamrock Civil in biggest acquisition yet

Melbourne-based infrastructure group Symal Group (ASX: SYL) is acquiring Queensland-headquartered defence and resources contractor Shamrock Civil for an upfront consideration of $51 million, marking the company's largest acquisition to date as it positions itself to capture a slice of Australia's $425 billion decade-long defence spending...

Beazer Homes proposes $400M senior notes offering due 2032

Cantor Fitzgerald reiterates Sterling Infrastructure stock rating on capacity strength

UK house prices rise 3.8% in year to April, rents up 3.3%