Italian company Webuild reaches agreement to buy WA building firm Clough's Australian business

Italian building company Webuild has reached an agreement to buy embattled WA construction firm Clough's Australian business, after it entered administration last week.

Administrators from Deloitte reached a deal with Webuild on Tuesday.

The Italian company is set to acquire assets relating to the Clough's Australian business, as well as key projects like the Snowy Hydro 2.0 and Inland Rail contracts.

The administrators will now enter a period of negotiation with Webuild to finalise an agreement before a deadline of December 21.

Read More: https://www.abc.net.au/news/2022-12-14/webuild-agreement-buy-clough-group/101773838