Lendlease Group (AU:LLC) has released an update.
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Lendlease Group has unveiled a strategic overhaul to streamline its operations and strengthen its Australian business and international investments. The company plans to reduce its cost base, release $4.5 billion of capital by exiting international construction, and improve its balance sheet through reduced gearing and a $500 million share buy-back. This refocus aims to enhance shareholder value, leverage core strengths, and ensure a profitable, lower-risk future growth.
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