Lendlease Group (FRA:LLC)

€ 4.0925 0 (0%) Market Cap: 2.78 Bil Enterprise Value: 4.72 Bil PE Ratio: 0 PB Ratio: 0.94 GF Score: 65/100

LendLease Group to Discuss Agreement to Sell Engineering Business to Acciona Infrastructure Asia Pacific Pty Ltd Call Transcript

Dec 19, 2019 / 06:45AM GMT

Release Date Price: €11.77 (+2.62%)

Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to an update on the sale of Lendlease Engineering and Service business. (Operator Instructions) I must advise you that this call is being recorded today, Thursday, the 19th of December 2019.

I'll now hand the call over to your first speaker today, Steve McCann. Please go ahead.

Stephen B. McCann

Lendlease Group - Group CEO, MD & Executive Director

Good afternoon, everybody. My name is Steve McCann, Group CEO and Managing Director of Lendlease. Thanks for joining the conference call and announcement of the sale of our Engineering business, not Services.

I'll begin by acknowledging that we're on the land of the Gadigal people and extend my respects to their elders past, present and future. Joining me in the room is Tarun Gupta, our Group Chief Financial Officer.

I'm going to provide some opening remarks, and then I'll hand over to Tarun, who will provide some more detail on the financial implications of the sale, and then we'll open it up to questions.

So this

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