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SYDNEY-UGL Limited is pursuing a demerger to create two standalone ASX-listed companies, one focused on global property services, DTZ, and the other on engineering, construction and maintenance services in Australia, New Zealand and Asia, Engineering.

The firm’s decision to pursue a demerger follows the completion of the corporate structure review in March. That review included a detailed evaluation of the issues, costs and benefits of various alternatives including maintaining the current corporate structure, industry opportunity, the company’s M&A strategy and a structural separation of DTZ and Engineering.

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