Australia, Dec. 2 -- CIMIC Group announced the formation of a strategic partnership with Sojitz Corporation, under which Sojitz Group will acquire a 50% equity interest in UGL's transport business (UGL Transport), establishing a 50:50 joint ownership structure.The transaction values UGL Transport at approximately $800 million (100% basis), with CIMIC realising cash proceeds of approximately $500 million.UGL Transport, a division of CIMIC company UGL, is a leading integrated transport services platform operating across Australia and New Zealand, with 2025 estimated revenue of $1.1 billion and a strong and stable management team. Its capabilities span rolling stock manufacturing and servicing, network management, transport operations, and adv...