CIMIC Group(Redirected from Leighton Holdings)
CIMIC Group (formerly known as Leighton Holdings prior to April 2015) is a leading international contractor. It is active in the telecommunications, engineering and infrastructure, building and property, mining and resources, and environmental services industries. It has operations in Australia, South East Asia, New Zealand, and the Middle East. Leighton Holdings was rebranded as the CIMIC Group in 2015.
|Traded as||ASX: CIM|
|Industry||Construction, Civil engineering|
|Headquarters||North Sydney, New South Wales, Australia|
|Michael Wright, Executive Chairman|
|Revenue||A $23.13 billion (2012)|
|A $773.2 million (2012)|
|A $450.1 million (2012)|
CIMIC stands for Construction, Infrastructure, Mining and Concessions.
Founded in 1949 by Stanley Leighton, an Englishman, Leighton Holdings was first listed on the Melbourne Stock Exchange in 1962. It established an operation in Asia, known as Leighton Asia in 1975.
In June 2014, CEO Marcelino Fernandez Verdes elevated to executive chairman following the retirement of board member Bob Humphris.
In April 2015 Leighton Holdings changed its name to CIMIC Group (abbreviated from Construction, Infrastructure, Mining and Concessions).
John Holland GroupEdit
Leighton Holdings formerly owned the John Holland Group, a major Australian construction, rail and tunnelling group. In 2000, Leighton Holdings bought a 70% stake in the company, this was increased to 99% in 2004 and 100% in December 2007. In December 2014, Leighton Holdings sold John Holland to China Communications Construction for $1.15 billion.
Thiess is an Australian integrated construction, mining and services provider, and Thiess Services, an environmental and utilities contracting organisation and an subsidiary of parent company Thiess. Originating in Queensland in 1934, Thiess became a part of the Leighton Group in 1983.
The business owns a 45% share in the Al Habtoor Leighton Group, one of the leading construction groups in the Middle East.
Leighton Asia, India and offshoreEdit
The business is a property development company in commercial, residential and mixed-use precincts, established in 1972 and operating in Australia.
Major projects undertaken by Leighton Holdings include:
- Ross River Dam completed in 1971
- Anglo-Australian Observatory completed in 1971
- Tallowa Dam completed in 1976
- Burdekin Dam completed in 1987
- Brisbane Airport completed in 1988
- ABC Centre, Ultimo completed in 1991
- Star City Casino completed in 1997
- Eastern Distributor tunnel completed in 1999
- Westpac Place, Sydney completed in 2006
- Clem Jones Tunnel completed in 2010
- Antilia Building, India, completed in 2010
- Gateway Bridge Duplication completed in 2011
- Airport Link, Brisbane, opened in 2012
- Leighton Holdings Website
- "Leighton to change name to CIMIC in wake of corruption allegations". Retrieved 2015-05-06.
- "No Cookies | dailytelegraph.com.au". www.dailytelegraph.com.au. Retrieved 2015-05-06.
- Hochtief installs own CEO at helm of Leighton, sweetens offer to raise majority stake, International: Reuters, 2014
- "Leighton CEO appointed executive chairman". Fifth Estate. 11 June 2014. Retrieved 27 December 2014.
- "Leighton to change name to CIMIC in wake of corruption allegations". Sydney Morning Herald. 20 March 2015. Retrieved 6 May 2015.
- Our new brand Leighton Contractors 1 December 2015
- "Australia's Leighton acquires 70% in John Holland". Asia Times. 25 January 2000. Retrieved 2 April 2015.
- "Leighton signs agreement to sell John Holland to CCCC" (PDF). 12 December 2014. Retrieved 27 December 2014.
- "What is the future for Leighton as Hochtief moves in?". The conversation. 13 March 2014. Retrieved 20 March 2016.
- Compulsory Acquisition of Remaining Shares in UGL Limited CIMIC Group 19 December 2016
- "About us: history". Leighton Holdings. Archived from the original on 11 December 2007. Retrieved 27 December 2014.
- Tallowa Contract Sets Record Leighton News Letter issue 16 August 1972
- Star City Casino Leighton Contractors
- "Eastern Distributor". Leighton Holdings. Retrieved 27 December 2014.
- Westpac Place Leighton Properties
- "The Clem Jones Tunnel - An engineering feat". Archived from the original on 6 July 2011. Retrieved 27 December 2014.
- "Oh brother, spare me the time – World". smh.com.au. 2 August 2008. Retrieved 13 October 2010.
- "Leighton Abigroup to build Brisbane's Gateway Bridge". Earthmover & civil contractor. October 2006. Retrieved 27 December 2014.
- "Leighton, Macquarie win contract to build Brisbane airport link". Herald Sun. 19 May 2008. Retrieved 27 December 2014.
- Financial report 2014