A $300 million bid by a Chinese company to buy Australian construction firm Probuild has been withdrawn.
- Probuild’s parent company said they were advised the Federal Government would likely reject the takeover bid on national security grounds
- Treasurer Josh Frydenberg declined to comment on the matter when approached by the ABC
- Probuild constructed the Melbourne headquarters of biotech firm CSL and is building the new Victorian Police headquarters
Probuild’s South African parent company, Wilson Bayly…