Transfield Services Ltd. (TSE) was officially listed on the Australian Stock Exchange on 3 May 2001, realising $220 million in market capitalisation. TSE was 'constituted' by taking Transfield Holdings' interests in 2 water treatment plants and 2 power stations and grafting them onto the Oamp;M business established some 9 years earlier.
The float of Transfield Services signalled a new beginning for the embattled group, leaving Transfield Holdings debt-free, yet retaining a 45 per cent stake in the new public company.
Page Media:
