Leighton to sell Devine stake

Devine has agreed to field offers for Leighton's stake or the company as a whole.

Devine is seeking full-scale takeover offers following an agreement to facilitate Leighton's sale of its 50.6% stake in the Queensland-based residential property developer.

Leighton announced in June it was looking to offload its stake in Devine, but today's agreement will likely propel the process toward a complete takeover.

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