Australia’s Maas Group Holdings (MGH) has agreed to sell its construction materials division to Heidelberg Materials Australia for up to A$1.7bn ($1.1.9bn). The transaction includes a contingent cash consideration of A$120m, dependent on achieving specific operational and commercial milestones post-completion. The divestment aligns with Maas Group's strategy to focus on next-generation infrastructure, including digital and AI opportunities. Maas Group plans to use the proceeds to enhance its capabiliti ...