Ventia
Ventia is an Australasian infrastructure service provider. It was established in 2015 when CIMIC Group merged its Leighton Contractors Services, Thiess Services and Visionstream divisions. Apollo Global Management took a 50% shareholding in the company.[1]
| ASX: VNT NZX: VNT | |
| Industry | Services |
| Founded | 2015 |
| Founder | CIMIC Group |
| Headquarters | , Australia |
| Revenue | $5.2 billion (2022) |
| $420 million (2022) | |
Number of employees | 15,000 (June 2022) |
| Website | www.ventia.com |
In June 2020, Broadspectrum was purchased from Ferrovial.[2][3] In 2021 Ventia was floated on the Australian Securities Exchange and New Zealand Exchange as a dual listed company.[4][5] CIMIC and Apollo each retained 32.8% shareholdings. In May 2023, both reduced their stakes to 15%.[6]
References
- Apollo Global Management Corrs Chambers Westgarth
- Ventia signs agreement to purchase Broadspectrum CIMIC Group 2 December 2019
- Ventia's proposed acquisition of Broadspectrum not opposed Australian Competition & Consumer Commission 23 April 2020
- Update on Ventia IPO CIMIC Group 15 November 2021.
- Ventia Services Group Limited Australian Securities Exchange 18 November 2021
- Apollo, CIMIC jettison $300m Ventia block; Barrenjoey, JPM on trade Australian Financial Review 4 May 2023
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