Leighton may sell some businesses

Leighton Holdings (LEI) is considering divesting some of its businesses as it focuses on strengthening its balance sheet.

The construction giant said it is analysing options for its services, property and John Holland businesses, including the possible divestment or introduction of new partners.

Cash received will be used to reduce debt and strengthen the group's balance sheet, Leighton said.

Leighton said it plans to streamline its operating model, establishing dedicated businesses focused on construction, mining, engineering and public-private partnerships.