Construction giant CIMIC looks set to scoop up mining services firm Macmahon Holdings as part of its buying spree.

A month after wrapping up the $524 million acquisition of engineering and maintenance firm UGL, the Spanish-controlled group unveiled a bid for Macmahon that values the company at $174 million. CIMIC – which is already Macmahon’s biggest shareholder with a 20.5 per cent stake – said on Tuesday it is…