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Service Stream pays $310m for Lendlease services, raising equity

ASX-listed Service Stream has agreed a $310 million deal to acquire Lendlease’s services business.

Service Stream shares are in a trading halt as its brokers drum up interest in a capital raising.  Louie Douvis

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

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Original URL: https://www.afr.com/street-talk/service-stream-pays-310m-for-lend-lease-services-raising-equity-20210721-p58bik