Breakfast deals: UGL's detached property

UGL is expected to announce the demerger of its property arm today, while speculation mounts over Rio Tinto sales.

UGL is expected to announce today that it’s going with the demerger plan that Goldman Sachs has been looking into. Rio Tinto’s decision to put the brakes on its Pacific Aluminium sale is actually a prelude to much bigger selling plans, according to the speculation. Elsewhere, Tom Waterhouse has sold to a UK bookmaker – just not the one we originally thought – and, could SingTel be shifting its Optus Satellite plans?


UGL chief executive Richard Leupen is set to pull the trigger on the company’s demerger of its engineering and property businesses.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles