You are here

US Carlyle Group exits Australian mining services play Coates Hire

New York

US private equity firm Carlyle Group is quitting its decade-long mining services play in Australia through the A$517 million (S$559.8 million) sale of its controlling stake in the highly-leveraged earth-moving equipment provider Coates Hire.

Australian media billionaire...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes