You are here

UGL may shelve A$1.2b sale of property services arm

Tuesday, May 20, 2014 - 06:00

[SYDNEY] Australian engineering and property management company UGL Ltd will likely shelve the planned A$1.2 billion (S$1.4 billion) sale of its property services arm after it received just one binding offer for the asset, a source familiar with the process told Reuters. Sydney-based UGL will