ACCC Approves Sale of Construction Materials Business to HMA
| Stock | Maas Group Holdings Ltd (MGH.ASX) |
|---|---|
| Release Time | 31 Jul 2026, 10:29 a.m. |
| Price Sensitive | Yes |
ACCC Approves Sale of Construction Materials Business to HMA
- ACCC has approved the sale subject to conditions
- HMA to divest certain assets to address competition concerns
- MGH to receive up to $1.703 billion in cash consideration
Maas Group Holdings Ltd (MGH) has announced that the Australian Competition and Consumer Commission (ACCC) has approved the sale of its construction materials business to Heidelberg Materials Australia (HMA) subject to certain conditions. HMA has agreed to divest specific assets to address ACCC's competition concerns. MGH will receive cash consideration of up to $1.703 billion, with $1.583 billion to be received at settlement and an additional $120 million linked to commercial milestones. The sale is now subject to Foreign Investment Review Board (FIRB) approval, customary conditions precedent, and shareholder approval at the Annual General Meeting on 24 September 2026. Settlement is expected in October 2026.
MGH to receive up to $1.703 billion in cash consideration, subject to conditions
The sale is expected to close in October 2026, pending FIRB approval and shareholder approval.