The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
URBANITY-25 IS OFFICIALLY LIVE: TUNE IN NOW BIG IDEAS. BOLD SPEAKERS. REAL IMPACT.
URBANITY-25 IS OFFICIALLY LIVE: TUNE IN NOW BIG IDEAS. BOLD SPEAKERS. REAL IMPACT.
SEE LIVE UPDATESREAD HERE
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OtherStaff WriterTue 24 Mar 15

Name Change For Leighton Holdings In Motion

8

Leighton Holdings, one of the world's leading international contractors, has unveiled its proposed new name as part of its foreshadowed restructuring under new owners Spanish construction group, ACS.

The company is asking shareholders to approve the name change from Leighton Holdings to CIMIC Group.

CIMIC stands for Construction, Infrastructure, Mining and Concessions and reflects the four specialised businesses focused on construction, contract mining, PPPs, and engineering that will deliver the company's services.

"The board considers that the change of name is appropriate to support the transformation to the new operating model," the company said in its notice for a forthcoming shareholder meeting. "The new name intends to provide a better representation of what we are and do."Shareholders will be asked to vote on the name change among other matters at the company's annual general meeting in Sydney on April 21, 2015. Approval of at least 75% of votes cast by eligible shareholders will be required under Australian companies law. The Leighton board has already approved the change of name.

Leighton was formed in Australia in 1949 by Englishman, Stanley Leighton, and was listed on the Australian Securities Exchange in 1962 and had acquired household business names along the way including Thiess and John Holland.

In recent times the company has been under scrutiny over bribery and corruption allegations levelled against some executives.

ACS has embarked upon a restructuring of Sydney-based Leighton Holdings following the group's $1.1 billion takeover in March 2014.

Picture: Wynn Resorts Macau - one of Leighton Holdings' projects.

ResidentialIndustrialAustraliaConstructionLegalConstructionSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Robots Not a Miracle Cure for Housing Productivity Crisis

Vanessa Croll
6 Min
Exclusive

Where 600 Wealthy Families Are Putting Their Millions

Taryn Paris
6 Min
Brique Projects EDM
Exclusive

Brique Thrives in Cauldron of SE Queensland Development

Clare Burnett
7 Min
Henny Prime Henny Background
Exclusive

Why Henny and Prime Edition are Moving into Student Living

Leon Della Bosca
7 Min
Riverlee Seafarer's 1 Hotel HERO
Exclusive

Melbourne’s North Bank Awakens After Decades of Dormancy

Leon Della Bosca
8 Min
View All >
Exclusive

Robots Not a Miracle Cure for Housing Productivity Crisis

Vanessa Croll
Markets

Turn of the Tide as Supercycles Track Upwards

Clare Burnett
Exclusive

The Urban Developer Awards for Industry Excellence Winners Revealed

Editorial Desk
The property sector’s best and brightest have been recognised at a gala dinner on the Gold Coast…
LATEST
Exclusive

Robots Not a Miracle Cure for Housing Productivity Crisis

Vanessa Croll
6 Min
Markets

Turn of the Tide as Supercycles Track Upwards

Clare Burnett
5 Min
Exclusive

The Urban Developer Awards for Industry Excellence Winners Revealed

Editorial Desk
14 Min
Community

Urbanity Day One: Five Key Takeaways

Leon Della Bosca
17 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/name-change-for-leighton-holdings-in-motion