December 19, 2019 / 6:55 AM / a month ago

Australia's Lendlease Group to sell engineering unit for $122 mln

Dec 19 (Reuters) - Australian construction firm Lendlease Group on Thursday said it would sell its engineering business to Acciona Infrastructure Asia Pacific for A$180 million ($122 million).

Earlier this year, Lendlease had pinned its 41% drop in annual profit to underperformance of its engineering and services business.

The company said the sales process for its services business would continue. ($1 = 1.4736 Australian dollars) (Reporting by Shriya Ramakrishnan in Bengaluru)

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