Australia's MAAS Group to sell construction materials division for $1.2 billion

Reuters

02/05

Feb 5 (Reuters) - Australia's MAAS Group MGH.AX entered into an agreement to divest its construction materials division for A$1.703 billion ($1.19 billion) to a unit of Germany's Heidelberg Materials AG HEIG.DE, the industrial service and real estate business said on Thursday.

($1 = 1.4292 Australian dollars)

(Reporting by Sherin Sunny in Bengaluru; Editing by Alan Barona)

((Sherin.Sunny@thomsonreuters.com))

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