Canadian property services consultancy WSP Global Inc paid $256.7 million last Monday to buy out 97.5% of shareholders in Opus International Consultants Ltd, and issued a compulsory acquisition notice for the balance.
Montreal-based international property consultancy WSP Global Inc formally offered $1.78/share yesterday for the whole of Opus International Consultants Ltd – up from the 99c/share market close on Friday – after securing agreement to buy out the Malaysian holder of 61.2% of Opus, UEM Edgenta Bhd.
Opus International Consultants Ltd was sufficiently embarrassed that it managed to issue a release yesterday without mentioning that its bottom line plummeted $39 million (245%) from a $15.9 million profit in the first half of 2015 to a $23 million loss this time round.
Opus International Consultants Ltd increased net profit after tax for 2014 by 15% to $26.2 million on a 17% revenue gain to $539.6 million.
Published 27 May 2007 Infrastructure professional services consultancy Opus International Consultants Ltd has appointed First NZ Capital Securities Ltd as lead manager Macquarie Securities (NZ) Ltd as co-lead manager for its proposed listing. Opus is the largest New Zealand-led infrastructure consultancy, employing 2000 people at 65 offices in New Zealand, Australia, Canada & the […]