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.


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