8 April 2015
Media Release - #2015023, 2015

Foreign investment decision: acquisition of John Holland Group by China Communications Construction Company

Today I have approved the foreign investment proposal by CCCC International Holding Limited to acquire John Holland Group Pty Limited.

John Holland is one of Australia’s largest engineering and construction companies and employs over 5,600 people in eight countries.

CCCC International is a wholly-owned subsidiary of China Communications Construction Company (CCCC), the fourth-largest construction company in the world by revenue, with a presence in over 80 countries.

The Government welcomes foreign investment where it is not contrary to our national interest. Foreign investment has helped build Australia’s economy and will continue to enhance the wellbeing of Australians by supporting economic growth and prosperity.

I note there have been some media reports about CCCC in relation to a World Bank debarment in 2009. I have sought advice and action on these and other issues in relation to CCCC. As a result, appropriate arrangements have been put in place to mitigate any concerns in relation to this issue and I am satisfied that this investment is not contrary to our national interest.