Valemus (formerly Bilfinger Berger Australia) was a holding company that owned the Australian assets of Bilfinger.
History
Valemus was established in 2004 as Bilfinger Berger Australia (BBA), as the holding company of Bilfinger's investments in Australia.[1] BBA had acquired Baulderstone Hornibrook in 1993 and Abigroup in 2004. Bilfinger Berger Services was established in November 2005 by transferring the services businesses owned by Abigroup and Baulderstone to a new services focused company.[2]
Having changed its name to Valemus, in June 2010, a prospectus was issued with the aim of listing the company on the Australian Securities Exchange via an initial public offering.[2][3] In July 2010 the listing was abandoned with a trade sale to Lendlease agreed in December 2010 and completed in March 2011 after the Australian Competition & Consumer Commission decided not to oppose the sale.[4][5][6]
References
- About Us Bilfinger Berger Australia^
- Valemus Limited Prospectus Valemus June 2010^
- German giant Bilfinger pushes ahead with float ABC News 9 June 2010^
- Bilfinger Berger postpones Valemus IPO The Age 6 July 2010^
- Lend Lease to acquire leading Australian engineering and construction businesses Lend Lease 21 December 2010^
- Lend Lease Corporation Ltd - proposed acquisition of Valemus Australia Pty Ltd Australian Competition & Consumer Commission 1 March 2011^